Baker Hughes Principal Executive Officer Chad Deaton's 2009 pay falls 33% to $8.8M
Baker Hughes reports 2009 executive compensation
By ExecPay News
Published: March 3, 2010
Baker Hughes reported fiscal year 2009 executive compensation information on March 3, 2010.
In 2009, six executives at Baker Hughes received on average a compensation package of $3.3M, a 30% decrease compared to previous year.
Average pay of disclosed executives at Baker Hughes
Chad C. Deaton, Principal Executive Officer, received $8.8M in total, which decreased by 33% compared to 2008. 31% of Deaton's compensation, or $2.7M, was in option awards. Deaton also received $12K of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $1.2M in salary, $2.5M in stock awards, as well as $431K in other compensation.
Peter A. Ragauss, Principal Financial Officer, received a compensation package of $3.2M, which decreased by 29% compared to previous year. 27% of the compensation package, or $872K, was in option awards.
Martin S. Craighead, Chief Operating Officer, earned $3M in 2009, a 14% increase compared to previous year.
Alan R. Crain, General Counsel, received $2.3M in 2009, which decreases by 34% compared to 2008.
John A. O'Donnell, Vice President and President, Western Hemisphere Operations, earned $1.4M in 2009, a 16% decrease compared to previous year.
David H. Barr, Vice President and Group President, Completion and Production, received $1.3M in 2009, which decreases by 58% compared to 2008.
Related executives
John O'Donnell
Baker Hughes
Vice President and President, Western Hemisphere Operations
Chad Deaton
Baker Hughes
Principal Executive Officer
Peter Ragauss
Baker Hughes
Principal Financial Officer
Martin Craighead
Baker Hughes
Chief Operating Officer
Alan Crain
Baker Hughes
General Counsel
David Barr
Baker Hughes
Vice President and Group President, Completion and Production
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Source: SEC filing on March 3, 2010.