Berkley W R CEO William Berkley's 2009 pay slips 5% to $18M
Berkley W R reports 2009 executive compensation
By ExecPay News
Published: April 8, 2010
Berkley W R reported fiscal year 2009 executive compensation information on April 8, 2010.
In 2009, five executives at Berkley W R received on average a compensation package of $4.8M, a 21% decrease compared to previous year.
Average pay of disclosed executives at Berkley W R
William R. Berkley, Chief Executive Officer, received $18M in total, which decreased by 5% compared to 2008. 47% of Berkley's compensation, or $8.3M, was in non-equity incentive plan. Berkley also received $8M of change in pension value and nonqualified deferred compensation earnings, $1M in salary, as well as $490K in other compensation.
W. Robert Berkley, Jr, Chief Operating Officer, received a compensation package of $2.7M, which decreased by 59% compared to previous year. 65% of the compensation package, or $1.7M, was in non-equity incentive plan.
Eugene G. Ballard, Chief Financial Officer, earned $1.2M in 2009, a 35% decrease compared to previous year.
Ira S. Lederman, General Counsel, received $1.2M in 2009, which decreases by 35% compared to 2008.
James G. Shiel, Senior Vice President Investments, earned $1.2M in 2009, a 30% decrease compared to previous year.
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Source: SEC filing on April 8, 2010.