Range Resources CEO's Compensation Up 23 Percent

ERNEST SCHEYDER

NEW YORK (AP) — The chairman and chief executive of independent oil and gas company Range Resources Corp. received compensation valued at $7.4 million in 2008, a 23 percent increase from the previous year, according to an Associated Press analysis of data filed with regulators Monday.

The Fort Worth, Texas-based company paid John H. Pinkerton $557,500 in base salary, up 11 percent from the previous year, and a performance-based cash bonus of $945,000, about flat with his 2007 payout.

Range Resources also awarded Pinkerton $131,014 in perks, including $27,484 for a personal secretary, $29,257 in disability insurance premiums and $4,443 for his spouse's travel. ...