Williams Cos. CEO Earns 10 Percent More In 2008

The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year.

Williams Cos. reported 2008 a profit of $1.41 billion, or $2.40 per share, up from $990 million, or $1.63 per share, in 2007. Revenue rose 18 percent to $12.4 billion. Analysts polled by Thomson Reuters expected a profit of $2.14 per share on revenue of $13.3 billion.

Shares of Williams Cos. finished Tuesday's trading at $14.74.