hey, the article I choose is called "Occidental CEO got more than $400 million in 2006". I got it from yahoo news. The link for the article is http://biz.yahoo.com/rb/070407/occidentalpetroleum_pay.html?.v=8.
The article is about Occidental Petrooleum Corp's CEO took in more than 400 millon dollars as income in 2006. The CEO's name is Ray Irani. This pay out is one of the biggest ever in U.S. history. About 270 millon dollars was from stock options, which was about 7 million stocks. Irani also got 93 million in stock and dividends from a deffered stock. His actual salary for last eyar was on 1.3 million dollars. He also recieved 1.4 million dollars as a bonus. Although he recieved a lot of money, it definetly desearved it. From when he became CEO to now, the stock price rose to 40 dollars from 9 dollars. Richard Kline, an Occidental spokesman said that it was welll worth paying that much.
I think paying anyone this much money is just ridiculous. With all the problems going on in the world, why would anyone need that much money. Making 400 dollars a year is just too much. He recieved so much money, that he won't even know what to do with it. This money could have been spent in much better ways. They could have donated to some worthy cause. I still respect the guy for being able to achieve the sucess he has in the company. He definetly has done some great things for bring up the stock price as much as he has.
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