USA TODAY: Occidental Petroleum’s Ray Irani — no stranger to the club — received compensation valued at $80.4 million, while John Martin, CEO of biopharmacutical giant Gilead Sciences, pulled in about $54.5 million, according to annual proxy statements filed Tuesday.
Irani’s gains include $48.7 million in previously awarded shares that vested in 2011, a $26 million payout from a previously awarded grant and a $19 million incentive award.
Irani, 77, stepped aside as CEO last May, but remains executive chairman. His compensation actually dropped from 2010’s $87.3 million, which included $76.1 million in salary, bonus, stock, incentive pay and perks… (more)
EDITOR: Irani might only earn half that much if the government didn’t pay huge subsidies to Big Oil. What a shame that would be. Think of this next time you pump gas.
