Berkley W R CEO William Berkley's 2008 pay slips 20% to $19M
Berkley W R reports 2008 executive compensation
By ExecPay News
Published: April 17, 2009
Berkley W R reported fiscal year 2008 executive compensation information on April 17, 2009.
In 2008, five executives at Berkley W R received on average a compensation package of $6.1M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Berkley W R
William R. Berkley, Chief Executive Officer, received $19M in total, which decreased by 20% compared to 2007. 48% of Berkley's compensation, or $8.9M, was in non-equity incentive plan. Berkley also received $668K of change in pension value and nonqualified deferred compensation earnings, $1M in salary, $7.7M in stock awards, as well as $391K in other compensation.
W. Robert Berkley, Jr, Chief Operating Officer, received a compensation package of $6.6M, which increased by 100% compared to previous year. 58% of the compensation package, or $3.9M, was in stock awards.
Eugene G. Ballard, Chief Financial Officer, earned $1.8M in 2008, a 24% increase compared to previous year.
Ira S. Lederman, General Counsel, received $1.8M in 2008, which increases by 23% compared to 2007.
James G. Shiel, Senior Vice President Investments, earned $1.7M in 2008, a 19% increase compared to previous year.
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Source: SEC filing on April 17, 2009.