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.)