Spectra Energy CEO Got $4.8M In 2008 Compensation

HOUSTON (AP) — Former Spectra Energy Corp. Chief Executive Fred Fowler, who retired from his post on the last day of 2008, saw his total compensation fall 23 percent to $4.8 million last year, as the value of stock options were less than the previous year, according to a recent regulatory filing.

Fowler's pay package fell from the $6.2 million he received in 2007, according to the natural gas transport and storage company's filing with the Securities and Exchange Commission.

Fowler, 63, received other bonuses totaling $1.18 million in 2008, slightly higher than the $1.15 million awarded the year before. ...