Valeant to pay new CEO Papa base salary of $1.5 million (Reuters) - Drugmaker Valeant Pharmaceuticals International Inc’s (VRX.TO) new chief executive, Joseph Papa, will receive a base salary of $1.5 million, the company said in a filing on Wednesday. Valeant said on Monday former Perrigo Co Plc (PRGO.N) head Papa would replace Michael Pearson as its CEO. Papa will also receive a cash payment of $8 million to make up for the equity-based compensation he forfeited in connection with the termination of his employment with Perrigo.  Valeant said in March Pearson was leaving the company, just three weeks after returning from a two-month medical leave.  Pearson's base salary for full-year 2014 was $2 million and his total compensation amounted to $10.3 million, according to a regulatory filing. (1.usa.gov/1aapxiM) politicsNews
valiant pay new ceo papa base salary million reuters drugmaker valiant pharmaceuticals international inc new chief executive joseph papa receive base salary million company said filing wednesday valiant said monday former vertigo co plc head papa would replace michael pearson ceo papa also receive cash payment million make compensation forfeited connection termination employment vertigo valiant said march pearson leaving company three weeks returning medical leave pearson base salary million total compensation amounted million according regulatory filing politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Valeant to pay new CEO Papa base salary of $1.5 million (Reuters) - Drugmaker Valeant Pharmaceuticals International Inc’s (VRX.TO) new chief executive, Joseph Papa, will receive a base salary of $1.5 million, the company said in a filing on Wednesday. Valeant said on Monday former Perrigo Co Plc (PRGO.N) head Papa would replace Michael Pearson as its CEO. Papa will also receive a cash payment of $8 million to make up for the equity-based compensation he forfeited in connection with the termination of his employment with Perrigo.  Valeant said in March Pearson was leaving the company, just three weeks after returning from a two-month medical leave.  Pearson's base salary for full-year 2014 was $2 million and his total compensation amounted to $10.3 million, according to a regulatory filing. (1.usa.gov/1aapxiM) politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: valiant pay new ceo papa base salary million reuters drugmaker valiant pharmaceuticals international inc new chief executive joseph papa receive base salary million company said filing wednesday valiant said monday former vertigo co plc head papa would replace michael pearson ceo papa also receive cash payment million make compensation forfeited connection termination employment vertigo valiant said march pearson leaving company three weeks returning medical leave pearson base salary million total compensation amounted million according regulatory filing politicsnews