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John Faraci, International Paper
Shares of the Memphis, Tenn-based paper company sank 63% last year, compared with a 38% drop in the S&P 500 index, according to the report.

Despite such a drubbing, the company's CEO got total compensation of $38.2 million.

According to the Corporate Library, John Faraci's compensation included $21 million in pension payments he received while still working at the company. Faraci, 59, has been CEO for six years.

International Paper said in a statement that Faraci's total compensation was $13 million and that the Corporate Library "mistakenly included" the pension payments.

NEXT: Eugene Isenberg, Nabors Industries

Last updated September 28 2009: 9:42 AM ET
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