Highest Paid CEOs – #15 James T. Hackett, Anadarko Petroleum
James T. Hackett, the CEO of Anadarko Peteroleum, comes in at #15 on the highest paid American CEO’s List. His compensation package is as follows:
Base Salary: $1,510,385
Bonus: $3,416,491
Perks: $571,276
Stock: $9,572,026
Options: $ 7,121,658
In 2008, Anadarko Petroleum (APC) stock lost 41.3% in the market; during the same time frame, Mr. Hackett saw a 17% decline in his salary. James T. Hackett received a BS from the University of Illinois in 1975 and an MBA from Harvard in 1979. Anadarko’s mission from their website is as follows:
Anadarko’s mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources vital to the world’s health and welfare.
I am a firm believer that the commodities bull market has yet to see it’s strongest run so Mr. Hackett is likely to continue to make a large sum of money over the next few years.