Baker Hughes Principal Executive Officer Chad Deaton's 2007 pay slips 15% to $6.8M
Baker Hughes reports 2007 executive compensation
By ExecPay News
Published: March 5, 2008
Baker Hughes reported fiscal year 2007 executive compensation information on March 5, 2008.
In 2007, seven executives at Baker Hughes received on average a compensation package of $2.8M, a 28% decrease compared to previous year.
Average pay of disclosed executives at Baker Hughes
Chad C. Deaton, Principal Executive Officer, received $6.8M in total, which decreased by 15% compared to 2006. 35% of Deaton's compensation, or $2.4M, was in option awards. Deaton also received $10K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $1.1M in salary, $1.8M in stock awards, as well as $399K in other compensation.
James R. Clark, Chief Operating Officer, received a compensation package of $3.4M, which decreased by 32% compared to previous year. 41% of the compensation package, or $1.4M, was in stock awards.
Alan R. Crain, General Counsel, earned $2.9M in 2007, a 28% increase compared to previous year.
Peter A. Ragauss, Principal Financial Officer, received $2.3M in 2007, which increases by 18% compared to 2006.
David H. Barr, Vice President and Group President, Completion and Production, earned $1.6M in 2007, a 20% decrease compared to previous year.
Martin S. Craighead, Chief Operating Officer, received $1.3M in 2007.
John A. O'Donnell, Vice President and President, Western Hemisphere Operations, earned $971K in 2007.
Related executives
James Clark
Baker Hughes
Chief Operating Officer
Chad Deaton
Baker Hughes
Principal Executive Officer
Peter Ragauss
Baker Hughes
Principal Financial Officer
Alan Crain
Baker Hughes
General Counsel
David Barr
Baker Hughes
Vice President and Group President, Completion and Production
Martin Craighead
Baker Hughes
Chief Operating Officer
John O'Donnell
Baker Hughes
Vice President and President, Western Hemisphere Operations
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Source: SEC filing on March 5, 2008.