COVID Stimulus Watch Individual Entry

Recipient Company:
MERCK & CO INC
Loan or Loan Guarantee Amount:
$3,136,870

Recipient Details

Ownership Structure: publicly traded (ticker symbol MRK)

Award Details

Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Merck
Headquartered in: New Jersey
Parent Sector: pharmaceuticals
Parent Industry: pharmaceuticals
Employees (prior to pandemic): 71,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $87,149,756
Contracting icon
Government-contracting-related Penalties: $69,600,000
Environment icon
Environmental / Healthcare / Safety Penalties: $1,035,698,508
ConsumerProt icon
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 246 to 1
CEO Compensation: $27,648,475
Worker Median Pay: $95,621
Tax icon
Total Federal, State, and Local Subsidies: $91,188,687
Federal Corporate Income Tax Rate: 11.7%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues