Occidental Petroleum CEO Ray Irani's 2008 pay slips 9% to $23M
Occidental Petroleum reports 2008 executive compensation
By ExecPay News
Published: March 23, 2010
Occidental Petroleum reported fiscal year 2008 executive compensation information on March 23, 2010.
In 2008, six executives at Occidental Petroleum received on average a compensation package of $8.3M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Occidental Petroleum
Ray R. Irani, Chief Executive Officer, received $23M in total, which decreased by 9% compared to 2007. 70% of Irani's compensation, or $16M, was in stock awards. Irani also received $900K in bonus, $2.7M in non-equity incentive plan, $1.3M in salary, as well as $1.8M in other compensation.
Stephen I. Chazen, Chief Operating Officer, received a compensation package of $9.6M, which decreased by 2% compared to previous year. 73% of the compensation package, or $7M, was in stock awards.
John W. Morgan, Executive Vice President, earned $7M in 2008, a 13% decrease compared to previous year.
R. Casey Olson, Executive Vice President, received $5.4M in 2008, which decreases by 14% compared to 2007.
Donald P. de Brier, General Counsel, earned $2.8M in 2008, a 10% decrease compared to previous year.
U.S R. Casey Olson, Executive Vice President, received $2.7M in 2008, which decreases by 9% compared to 2007.
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Source: SEC filing on March 23, 2010.