Oil CEOs' Pay Averaged $32.7 Million In ’05…

Bloomberg Vineeta Anand August 30, 2006 at 10:03 AM

Rising prices and profits translated into pay packages for oil company chief executive officers that are nearly three times the size of similarly sized businesses, a new study from two watchdog groups said.

In 2005, the CEOs of the largest 15 oil companies averaged $32.7 million in compensation, compared with $11.6 million for all large U.S. firms, according to the study, released today by the Institute for Policy Studies and United for a Fair Economy.

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