Arch Coal CEO Steven Leer's 2008 pay jumps 139% to $10M
Arch Coal reports 2008 executive compensation
By ExecPay News
Published: March 12, 2009
Arch Coal reported fiscal year 2008 executive compensation information on March 12, 2009.
In 2008, seven Arch Coal executives received on average a compensation package of $3.9M, a 124% increase compared to previous year.
Average pay of disclosed executives at Arch Coal
Steven F. Leer, Chief Executive Officer, received $10M in total, which increased by 139% compared to 2007. 42% of Leer's compensation, or $4.2M, was in option awards. Leer also received $122K of change in pension value and nonqualified deferred compensation earnings, $3M in non-equity incentive plan, $850K in salary, $1.7M in stock awards, as well as $201K in other compensation.
John W. Eaves, Chief Operating Officer, received a compensation package of $6.2M, which increased by 139% compared to previous year. 44% of the compensation package, or $2.7M, was in option awards.
David N. Warnecke, Senior Vice President Marketing and Trading, earned $2.7M in 2008, a 73% increase compared to previous year.
C. Henry Besten, Jr, Senior Vice President Strategic Development, received $2.4M in 2008, which increases by 124% compared to 2007.
Paul A. Lang, Senior Vice President — Operations, earned $2.2M in 2008, a 48% increase compared to previous year.
Robert J. Messey, Chief Financial Officer, received $2M in 2008, which increases by 46% compared to 2007.
John T. Drexler, Chief Financial Officer, earned $1.7M in 2008, a 264% increase compared to previous year.
Related executives
Steven Leer
Arch Coal
Chief Executive Officer
John Drexler
Arch Coal
Chief Operating Officer
John Eaves
Arch Coal
Chairman
Paul Lang
Arch Coal
Chief Executive Officer
David Warnecke
Arch Coal
Senior Vice President Marketing and Trading
C Besten
Arch Coal
Senior Vice President Strategic Development
Robert Messey
Arch Coal
Chief Financial Officer
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Source: SEC filing on March 12, 2009.