Occidental Petroleum Chief Earns $76.1M in 2010

By: Associated Press
By: Associated Press

LOS ANGELES (AP) - Occidental Petroleum Corp.'s CEO, who has
rankled some shareholders with his large pay packages, doubled his
compensation last year, according to an Associated Press calculation of figures disclosed Thursday in a regulatory filing.

Chairman and CEO Ray Irani, who was America's sixth-highest paid
CEO last year, received $76.1 million in 2010.

The bulk of his compensation came from stock and performance-based awards that were granted in 2007 and paid in 2010.

Irani received a total of $40.3 million in stock awards and $31.6 million from a performance-based cash bonus.

Occidental also paid Irani a salary of $1.19 million and a bonus of $1.4 million.

In addition, he received perks worth $1.7 million, which include contributions to the company's savings and retirement plans.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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