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Friday, 21 November, 2008, 22:20 GMT | more >>

Halliburton boss rakes in $16m



By Upstream staff 

Halliburton chief executive Dave Lesar raked in more than $16 million in compensation in 2006 as the second-largest US oilfield services company saw earnings fell slightly.

In addition to that pay package, he also cleared about $21.4 million from exercising previously awarded stock options and stock awards in 2006, Reuters reported.

Lesar, who plans to move to Dubai as the company opens a new headquarters in the Middle East, was paid a salary of $1.3 million, $6.6 million in incentive-based compensation, and $7.5 million of stock and option awards.

He also received about $947,740 of other compensation including $206,989 for personal use of the company plane and $314,749 from restricted stock dividends.

Halliburton is in the process of spinning off its engineering and construction group KBR, which is the Pentagon's largest private contractor in Iraq.


Monday, 02 April, 2007, 18:52 GMT  | last updated: Monday, 02 April, 2007, 18:52 GMT

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