Executives ride high on boom in energy (pay up 28% this year) [View All]

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Aug. 6, 2006, 12:39AM
Executives ride high on boom in energy


By TOM FOWLER
Copyright 2006 Houston Chronicle

The energy boom rang loud and clear through corporate suites in Houston last year where total pay grew 28 percent for the 100 top-paid executives at publicly traded companies.

The average pay package for the top executives in this energy-centric city was $6.9 million in 2005 versus $5.4 million in 2004, including salary, bonus and long-term incentives like stock options, according to data compiled for the Chronicle by Longnecker & Associates.

The increase was fueled in large part by a 68 percent jump in the value of stock option grants and a 23 percent increase in bonuses.

http://www.chron.com/disp/story.mpl/front/4096335.html


By TOM FOWLER
Copyright 2006 Houston Chronicle

The energy boom rang loud and clear through corporate suites in Houston last year where total pay grew 28 percent for the 100 top-paid executives at publicly traded companies.

The average pay package for the top executives in this energy-centric city was $6.9 million in 2005 versus $5.4 million in 2004, including salary, bonus and long-term incentives like stock options, according to data compiled for the Chronicle by Longnecker & Associates.

The increase was fueled in large part by a 68 percent jump in the value of stock option grants and a 23 percent increase in bonuses.