COVID Stimulus Watch Individual Entry

Recipient Company:

Merck & Co Inc

Loan or Loan Guarantee Amount:

$1,092,528

Recipient Details

Ownership Structure: publicly traded (ticker symbol MRK)

Award Date: Oct 8, 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:

Parent Company: Merck

Headquartered in: New Jersey

Parent Sector: pharmaceuticals

Parent Industry: pharmaceuticals

Employees (prior to pandemic): 71,000

Employment-related Penalties: $87,149,756

Government-contracting-related Penalties: $69,600,000

Environmental / Healthcare / Safety Penalties: $1,035,698,508

Ratio of CEO Pay to that of Median Worker: 246 to 1

CEO Compensation: $27,648,475

Worker Median Pay: $95,621

Total Federal, State, and Local Subsidies: $91,188,687

Federal Corporate Income Tax Rate: 11.7%