Michael Marletta, the former Scripps Research Institute executive who alienated scientists by negotiating a merger with the University of Southern California, collected $1.4 in severance after he stepped down in 2014, according to a newly released tax return.
The payment was made over two years in 2014 and 2015, according to Scripps’ tax return for the year ended Sept. 30, 2014. During his tenure at Scripps, Marletta’s salary was $810,702.
Douglas Bingham, former executive vice president and chief operating officer, received a severance payment of $1.25 million, Scripps said.
Meanwhile, Scripps’ revenue rose slightly in 2014 to $379.7 million, up slightly from $365.8 million in 2013 but down from 2011 and 2012 levels.
The state of Florida and Palm Beach County gave San Diego-based Scripps $579 million to open a campus in Jupiter. The highest-paid Scripps Florida employee listed on the tax return is Roy Smith, chairman of the department of metabolism and aging. He made $464,531 in 2014.