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Biogen Idec extends CEO’s contract

Biogen Idec’s board extended the CEO’s deal to July 2014.

Suzanne Kreiter/Globe Staff

Biogen Idec’s board extended the CEO’s deal to July 2014.

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Biogen Idec’s board extended CEO George A. Scangos’s contract with the same base salary, but the opportunity to earn more incentive pay. His three-year contract was set to expire last month, but the board of the Weston biotech extended it through July 15, 2014, after which it could be extended for 12-month periods, according to a regulatory filing. Scangos will receive an annual salary of $1.3 million and be able to earn a bonus of not less than 140 percent of his base salary.

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