Berkley W R CEO William Berkley's 2007 pay falls 22% to $23M
Berkley W R reports 2007 executive compensation
By ExecPay News
Published: April 25, 2008
Berkley W R reported fiscal year 2007 executive compensation information on April 25, 2008.
In 2007, five executives at Berkley W R received on average a compensation package of $6.2M, a 21% decrease compared to previous year.
Average pay of disclosed executives at Berkley W R
William R. Berkley, Chief Executive Officer, received $23M in total, which decreased by 22% compared to 2006. 58% of Berkley's compensation, or $14M, was in non-equity incentive plan. Berkley also received $8.4M of change in pension value and nonqualified deferred compensation earnings, $1M in salary, as well as $404K in other compensation.
W. Robert Berkley, Jr, Chief Operating Officer, received a compensation package of $3.3M, which decreased by 17% compared to previous year. 73% of the compensation package, or $2.4M, was in non-equity incentive plan.
Ira S. Lederman, General Counsel, earned $1.5M in 2007, a 17% decrease compared to previous year.
Eugene G. Ballard, Chief Financial Officer, received $1.5M in 2007, which decreases by 18% compared to 2006.
James G. Shiel, Senior Vice President Investments, earned $1.4M in 2007, a 16% decrease compared to previous year.
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Source: SEC filing on April 25, 2008.