Noble Energy CEO Earns $11.6 Million In 2008
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HOUSTON (AP) — Charles Davidson, chief executive and president of oil and gas producer Noble Energy Inc., saw his total compensation rise 4.5 percent to $11.6 million, driven by boosts in his performance-based bonus and above-market earnings on deferred compensation, according to an Associated Press calculation of figures disclosed in a regulatory filing made Monday.
Davidson's pay package climbed from the $11.1 million he received in 2007, according to Noble Energy's filing with the Securities and Exchange Commission.
The bulk of his compensation increase came from a 15 percent bump in a performance-related bonus, which totaled $4.4 million in 2008, compared with $3.8 million in 2007. Davidson's above-market earnings on deferred compensation also rose in 2008 to $94,471, up 71 percent from $55,094 in 2007. ...
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