COVID Stimulus Watch Individual Entry
Recipient Company:
NOVARTIS CAPITAL CORP
Loan or Loan Guarantee Amount:
$2,210,284
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: NVS)
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: Novartis
Headquartered in: Switzerland
Parent Sector: pharmaceuticals
Parent Industry: pharmaceuticals
Employees (prior to pandemic): 103,914
Accountability Issues Since 2010
Employment-related Penalties: $282,051,594
Government-contracting-related Penalties: $807,474,307
Environmental / Healthcare / Safety Penalties: $514,514,328
Consumer Protection / Financial / Competition-related Penalties: $1,070,600,000
CEO Compensation: $11,648,731
Total Federal, State, and Local Subsidies: $74,157,130
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