Bad year? Not for Ray Irani

The CEO of L.A.-based Occidental Petroleum, always among the nation's highest-paid executives, received $31.4 million in total compensation last year, a 40 percent increase over 2008. Much of that bump comes from Occidental stock (shares were up 36 percent in 2009). Over the years, Irani has been criticized for his supersized payouts - so much so that the company finally agreed to give shareholders a nonbinding advisory vote on executive compensation decisions, starting with this May's annual meeting. That'll get 'em shaking.


More by Mark Lacter:
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Those awful infographics that promise to explain and only distort
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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