4 of 5
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
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
25 Highest-paid women Which corporate women raked it in - and how much did they earn? More
25 Best-paid menSee how these male executives' paychecks compare to the 25 best-paid women. More
Special Offer