3. Ray Irani: $31.4 million
Company: Occidental Petroleum
Cash compensation: $6.6 million
Stock and options: $24.8 million
Irani, who perpetually tops pay lists, steered the company back to success in 2009. The energy company's stock rose faster than its peers last year, recovering almost all of its stock losses in 2008.
Like Ellison, Irani has made a killing by exercising stock options: Two years ago, he pocketed more than $180 million worth of options. Despite the stock's performance, some shareholders are fed up with Irani's sky-high paydays: The company's shareholders approved a "say on pay" rule last year, which goes into effect in the 2010 annual meeting.
Source: Equilar Inc.
NEXT: Mark Hurd: $24.2 million
Last updated April 06 2010: 4:17 PM ET
Note: Total compensation includes actual salary received, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. If relevant, other compensation includes severance payments. Equilar, an executive compensation research firm, looked at 200 CEOs at the 199 largest companies (Motorola has co-CEOs) that filed their 2009 proxies as of March 26, 2010. All companies have revenue greater than $5.7 Billion. The list includes companies with fiscal year-ends spanning from May 31, 2009 to January 31, 2010.
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