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America's 10 highest-paid CEOs

Last updated on: August 14, 2009 

America's 10 highest-paid CEOs

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The Corporate Library, which monitors corporate governance on behalf of shareholders, has said in a report that despite the hue and cry in the United States over rising CEO compensation in the face of a recession, chief executives continue to draw astronomical salaries.

The report said that the highest-paid chief executive in the United States, in 2008, got total emoluments of $702.4 million.

So check out who are the 10 highest paid CEOs in the USA. . .


Image: A man counts dollars.
Photographs: Reuters
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1. Stephen Schwarzman: $702.4 million

Stephen Schwarzman, CEO of investment company Blackstone Group, got a total of $702.4 million: of this $699.7 million was received in shares vested after the company's public offering.


Image: Stephen Schwarzman
Photographs: Reuters
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2. Larry Ellison: $556.9 million

Oracle Corp chief executive Lawrence 'Larry' Ellison was named the second highest paid CEO in the US, with a pay packet of $556.9 million which included stock options worth $543 million.


Image: Lawrence Ellison
Photographs: Reuters
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3. Ray Irani: $222.6 million

Ray Irani, CEO, Occidental Petroleum, is the third highest paid American chief executive.

He drew a compensation of $222.6 million, $184 million coming from stock options.


Image: Ray Irani
Photographs: Courtesy, Occidental Petroleum
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4. John Hess: $159.6 million 

John Hess, chief executive of the Hess Corporation, is USA's fourth highest paid CEO with a compensation package of $159.6 million.


Image: John Hess (Inset)
Photographs: Courtesy, Hess Corp
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5. Michael Watford: $116.9 million

In the fifth spot is Ultra Petroleum Corp CEO Michael Watford. He got a pay of $116.9 million in 2008.


Image: Ultra Petroleum Corp

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7. Aubrey McClendon: $114.3 million  

Aubrey McClendon, the Chesapeake Energy boss, drew $114.3 million to be America's sixth highest paid CEO.


Image: Aubrey McClendon
Photographs: Reuters
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7. Bob Simpson: $103.5 million 

XTO Energy chief Bob Simpson, with a pay packet of $103.5 million, is the US's seventh highest paid chief executive.


Image: XTO Energy chief Bob Simpson

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8. Mark Papa: $90.5 million 

Mark Papa, chief executive of EOG Resources, is the eighth highest paid American CEO with a total compensation of $90.5 million.


Image: Mark Papa

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9. Eugene Isenberg: $79.3 million  

Nabors Industries CEO Eugene Isenberg is in the ninth slot, with a pay of $79.3 million.


Image: Eugene Isenberg
Photographs: Courtesy, Nabors Industries
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10. Michael Jeffries: $71.8 million 

Michael Jeffries, CEO of retail firm Abercrombie & Fitch, is the 10th highest paid American CEO with his 2008 compensation at $71.8 million.


Image: Amercombie stoore (inset) Michael Jeffries
Photographs: Reuters
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