Williams Cos. CEO Earns 10 Percent More In 2008
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DEBORAH JIAN LEE
TULSA, Okla. (AP) — The chief executive of natural gas provider Williams Cos. earned 10 percent more in 2008 than the previous year, according to an Associated Press analysis of a filing made with the Securities and Exchange Commission.
Tulsa-based Williams Cos. gave Steven Malcolm a 2008 pay package valued at $8.9 million, compared with $8.1 million in 2007.
The bulk of his compensation came from stock options and restricted stock valued at $5.8 million when they were granted. These awards are worth less today as the value of the company's stock has fallen 60 percent since the grant date. Shares of the company currently trade far below the options' exercise price of $36.50. ...
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