<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Directorship &#124; Boardroom Intelligence &#187; Occidental Petroleum</title>
	<atom:link href="http://www.directorship.com/tag/occidental-petroleum/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.directorship.com</link>
	<description>Boardroom Intelligence</description>
	<lastBuildDate>Fri, 20 Nov 2009 21:31:53 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Occidental Agrees to Hold Annual Pay Vote</title>
		<link>http://www.directorship.com/occidental-agrees-to-hold-annual-pay-vote/</link>
		<comments>http://www.directorship.com/occidental-agrees-to-hold-annual-pay-vote/#comments</comments>
		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
		<dc:creator>Joseph McCafferty</dc:creator>
				<category><![CDATA[Compensation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Shareholder & Proxy]]></category>
		<category><![CDATA[ and Municipal Employees]]></category>
		<category><![CDATA[ County]]></category>
		<category><![CDATA[advisory vote]]></category>
		<category><![CDATA[afl-cio]]></category>
		<category><![CDATA[American Federation of State]]></category>
		<category><![CDATA[Needmor Fund]]></category>
		<category><![CDATA[Occidental Petroleum]]></category>
		<category><![CDATA[Ray R. Irani]]></category>
		<category><![CDATA[say on pay]]></category>

		<guid isPermaLink="false">http://www.directorship.com/?p=3697</guid>
		<description><![CDATA[Occidental Petroleum, which in the past has dealt with much backlash from shareholders over its pay practices, has agreed to hold an advisory vote on compensation at its 2010 annual meeting and support federal “say on pay” legislation.]]></description>
			<content:encoded><![CDATA[<p><P >Occidental Petroleum, which in the past has dealt with much backlash from shareholders over its pay practices, has agreed to hold an advisory vote on compensation at its 2010 annual meeting and support federal “say on pay” legislation, according to <A href="http://blog.riskmetrics.com/2009/01/occidental_agrees_to_hold_annu.html" target=_blank >RiskMetrics</A>.
<p>“We welcome ongoing input from our stockholders. Oxy&#8217;s Board of Directors strives to maintain an ongoing, constructive dialogue with the goal of achieving continuous improvement in all aspects of our corporate governance, including executive compensation,” Ray R. Irani, the company’s chairman and chief executive officer, said in a Jan. 26 statement.
<p><P >The Needmor Fund and various Catholic groups agreed to withdraw their resolution seeking an advisory vote. A Needmor say on pay proposal received 44.4 percent support at Occidental in 2008. The AFL-CIO and the American Federation of State, County, and Municipal Employees also withdrew 2009 resolutions that seek a “hold until retirement” policy for executive equity incentives and a vote on future golden coffin benefits.
<p><P >Investors plan to file more than 100 say on pay proposals this year. Seventy-nine companies in 2008 that went to a vote averaged about 42 percent support. </P></p>
]]></content:encoded>
			<wfw:commentRss>http://www.directorship.com/occidental-agrees-to-hold-annual-pay-vote/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The 2008 List of Influentials on the Directorship 100</title>
		<link>http://www.directorship.com/the-2008-list-of-influentials-on-the-directorship-100/</link>
		<comments>http://www.directorship.com/the-2008-list-of-influentials-on-the-directorship-100/#comments</comments>
		<pubDate>Mon, 01 Sep 2008 04:00:00 +0000</pubDate>
		<dc:creator>Directorship Editors</dc:creator>
				<category><![CDATA[Articles & Research]]></category>
		<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[Magazine]]></category>
		<category><![CDATA[Accenture]]></category>
		<category><![CDATA[Andrew Cuomo]]></category>
		<category><![CDATA[anne mulcahy]]></category>
		<category><![CDATA[AstraZeneca]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[Bill McCollum]]></category>
		<category><![CDATA[Black & Decker]]></category>
		<category><![CDATA[Blythe J. McGarvie]]></category>
		<category><![CDATA[boeing]]></category>
		<category><![CDATA[Caterpillar]]></category>
		<category><![CDATA[christopher cox]]></category>
		<category><![CDATA[Christopher Dodd]]></category>
		<category><![CDATA[Coca-Cola]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[directorship 100]]></category>
		<category><![CDATA[Donald Keough]]></category>
		<category><![CDATA[duncan niederauer]]></category>
		<category><![CDATA[eds]]></category>
		<category><![CDATA[Edward Kangas]]></category>
		<category><![CDATA[Eli Lilly]]></category>
		<category><![CDATA[fasb]]></category>
		<category><![CDATA[finra]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[harry pearce]]></category>
		<category><![CDATA[Henry M. Paulson]]></category>
		<category><![CDATA[henry waxman]]></category>
		<category><![CDATA[Herbert M. Allison]]></category>
		<category><![CDATA[J. Michael Cook]]></category>
		<category><![CDATA[James L. Dimon]]></category>
		<category><![CDATA[James Owens]]></category>
		<category><![CDATA[John A. Krol]]></category>
		<category><![CDATA[john biggs]]></category>
		<category><![CDATA[John McCain]]></category>
		<category><![CDATA[john thain]]></category>
		<category><![CDATA[jpmorgan chase]]></category>
		<category><![CDATA[Jr.]]></category>
		<category><![CDATA[Leo E. Strine]]></category>
		<category><![CDATA[Lloyd C. Blankfein]]></category>
		<category><![CDATA[Margaret “Peggy” Foran]]></category>
		<category><![CDATA[Mark Olson]]></category>
		<category><![CDATA[Mary Shapiro]]></category>
		<category><![CDATA[merrill lynch]]></category>
		<category><![CDATA[Michele J. Hooper]]></category>
		<category><![CDATA[Nasdaq OMX]]></category>
		<category><![CDATA[News Corp.]]></category>
		<category><![CDATA[Norman R. Augustine]]></category>
		<category><![CDATA[Nortel Networks]]></category>
		<category><![CDATA[nyse euronext]]></category>
		<category><![CDATA[Occidental Petroleum]]></category>
		<category><![CDATA[pcaob]]></category>
		<category><![CDATA[Ray R. Irani]]></category>
		<category><![CDATA[Richard Blumenthal]]></category>
		<category><![CDATA[Robert Greifeld]]></category>
		<category><![CDATA[Robert Herz]]></category>
		<category><![CDATA[Rupert Murdoch]]></category>
		<category><![CDATA[Sara Lee]]></category>
		<category><![CDATA[sec]]></category>
		<category><![CDATA[Stephen A. Schwarzman]]></category>
		<category><![CDATA[Tenet]]></category>
		<category><![CDATA[The Blackstone Group]]></category>
		<category><![CDATA[The Delaware Courts: Myron T. Steele]]></category>
		<category><![CDATA[Time Warner]]></category>
		<category><![CDATA[Tyco International]]></category>
		<category><![CDATA[U.S. House of Representatives]]></category>
		<category><![CDATA[U.S. Treasury]]></category>
		<category><![CDATA[Viacom]]></category>
		<category><![CDATA[W. James McNerney]]></category>
		<category><![CDATA[Warner Music Group]]></category>
		<category><![CDATA[William B. Chandler III]]></category>
		<category><![CDATA[William F. Galvin]]></category>
		<category><![CDATA[Xerox]]></category>

		<guid isPermaLink="false">http://www.directorship.com/?p=4340</guid>
		<description><![CDATA[The Most Influential Players in Corporate Governance (listed in alphabetical order)]]></description>
			<content:encoded><![CDATA[<p><strong>Alphabetical Listing of the individuals in the Directorship 100</strong></p>
<p><strong>Roger Ailes</strong>, Fox News</p>
<p><strong>Sharon Allen</strong>, Deloitte &amp; Touche</p>
<p><strong>Herbert M. Allison Jr.</strong>, Director</p>
<p><strong>Gavin Anderson</strong>, GMI</p>
<p><strong>Philip A. Armstrong</strong>, GCGF</p>
<p><strong>Norman R. Augustine</strong>, Director</p>
<p><strong>Stephen Bainbridge</strong>, UCLA</p>
<p><strong>Maria Bartiromo</strong>, CNBC</p>
<p><strong>David Batchelder</strong>, Relational Investors</p>
<p><strong>Lucian A. Bebchuk</strong>, Harvard Law</p>
<p><strong>Irv Becker</strong>, Hay Group</p>
<p><strong>Beverly Behan</strong>, Hay Group</p>
<p><strong>Richard Bennett</strong>, The Corporate Library</p>
<p><strong>Robert S. Bennett</strong>, Skadden Arps</p>
<p><strong>Dennis R. Beresford</strong>, U. of Georgia</p>
<p><strong>Ethan Berman</strong>, RiskMetrics Group</p>
<p><strong>Ben Bernanke</strong>, The Federal Reserve</p>
<p><strong>John Biggs</strong>, Director</p>
<p><strong>Leon Black</strong>, Apollo</p>
<p><strong>Lloyd C. Blankfein</strong>, Goldman Sachs</p>
<p><strong>Richard Blumenthal</strong>, State of Conn.</p>
<p><strong>Magnus Bocker</strong>, Nasdaq OMX</p>
<p><strong>John C. Bogle</strong>, Hall of Fame</p>
<p><strong>Richard Breeden</strong>, Breeden Partners</p>
<p><strong>Catherine L. Bromilow</strong>, PwC</p>
<p><strong>Beth A. Brooke</strong>, E&amp;Y</p>
<p><strong>Warren Buffett</strong>, Berkshire Hathaway</p>
<p><strong>Peter Butler</strong>, Governance for Owners</p>
<p><strong>Marshall Carter</strong>, NYSE Euronext</p>
<p><strong>Martha Carter</strong>, RiskMetrics Group</p>
<p><strong>John J. Castellani</strong>, Business Roundtable</p>
<p><strong>William B. Chandler III</strong>, Chancery Court</p>
<p><strong>Ram Charan</strong>, Charan Associates</p>
<p><strong>Peter Clapman</strong>, Governance for Owners</p>
<p><strong>John C. Coffee</strong>, Columbia Law School</p>
<p><strong>Frederic W. Cook</strong>, Frederic W. Cook &amp; Co.</p>
<p><strong>J. Michael Cook</strong>, Director</p>
<p><strong>Christopher Cox</strong>, SEC</p>
<p><strong>Jim Cramer</strong>, TheStreet.com</p>
<p><strong>Andrew Cuomo</strong>, State of New York</p>
<p><strong>Kenneth Daly</strong>, NACD</p>
<p><strong>Julie Hembrock Daum</strong>, Spencer Stuart</p>
<p><strong>George L. Davis</strong>, Egon Zehnder Intl.</p>
<p><strong>Stephen M. Davis</strong>, Millstein Center</p>
<p><strong>James L. Dimon</strong>, JPMorgan</p>
<p><strong>Samuel A. DiPiazza, Jr.</strong>, PwC</p>
<p><strong>Christopher Dodd</strong>, U.S. Senate</p>
<p><strong>Amy Domini</strong>, Domini Social Investments</p>
<p><strong>William H. Donaldson</strong>, Hall of Fame</p>
<p><strong>Thomas J. Donohue</strong>, Chamber of Commerce</p>
<p><strong>Ed Durkin</strong>, United Brotherhood of Carpenters</p>
<p><strong>Theodore L. Dysart</strong>, Heidrick &amp; Struggles</p>
<p><strong>Jay Eisenhofer</strong>,<strong> </strong>Grant &amp; Eisenhofer</p>
<p><strong>Charles Elson</strong>, U. of Delaware</p>
<p><strong>John Engler</strong>, NAM</p>
<p><strong>Richard Ferlauto</strong>, AFSCME</p>
<p><strong>Timothy Flynn</strong>, KPMG</p>
<p><strong>Margaret “Peggy” Foran</strong>, Sara Lee</p>
<p><strong>Cynthia M. Fornelli</strong>, CAQ</p>
<p><strong>Barney Frank</strong>, U.S. Congress</p>
<p><strong>William F. Galvin</strong>, State of Mass.</p>
<p><strong>William W. George</strong>, Harvard Business School</p>
<p><strong>Kayla Gillan</strong>, RiskMetrics Group</p>
<p><strong>Robert J. Giuffra, Jr.</strong>, Sullivan &amp; Cromwell</p>
<p><strong>Scott Goebel</strong>, Fidelity</p>
<p><strong>Holly Gregory</strong>, Weil, Gotshal &amp; Manges</p>
<p><strong>Robert Greifeld</strong>, Nasdaq OMX</p>
<p><strong>Joseph Grundfest</strong>, Stanford Law School</p>
<p><strong>Steven Hall</strong>, Steven Hall &amp; Partners</p>
<p><strong>Robert Hallagan</strong>, Korn/Ferry Intl.</p>
<p><strong>Laurence P. Hazell</strong>, Standard &amp; Poor’s</p>
<p><strong>Edward Herlihy</strong>, Wachtell Lipton</p>
<p><strong>Robert Herz</strong>, FASB</p>
<p><strong>John A. Hill</strong>, Putnam</p>
<p><strong>Paul Hodgson</strong>, The Corporate Library</p>
<p><strong>Christopher Hohn</strong>, TCI</p>
<p><strong>Michele J. Hooper</strong>, Director</p>
<p><strong>Anthony J. Horan</strong>, JP Morgan</p>
<p><strong>Carl Icahn</strong>, Icahn Investments</p>
<p><strong>Ray R. Irani</strong>, Occidental Petroleum</p>
<p><strong>Edward Kangas</strong>, Director</p>
<p><strong>Adam Kanzer</strong>, Domini Social Investments</p>
<p><strong>Henry Keizer</strong>, KPMG</p>
<p><strong>Donald Keough</strong>, Director</p>
<p><strong>Joe Kernen</strong>, CNBC</p>
<p><strong>Richard Ketchum</strong>, FINRA</p>
<p><strong>Charles King</strong>, Korn/Ferry Intl.</p>
<p><strong>Catherine Kinney</strong>, NYSE Euronext</p>
<p><strong>Jannice L. Koors</strong>, Pearl Meyer &amp; Partners</p>
<p><strong>Richard H. Koppes</strong>, Jones Day</p>
<p><strong>Henry Kravis</strong>, KKR</p>
<p><strong>Frederick J. Krebs</strong>, ACC</p>
<p><strong>John A. Krol</strong>, Director</p>
<p><strong>Robert Kueppers</strong>, Deloitte &amp; Touche</p>
<p><strong>Arthur Levitt</strong>, Hall of Fame</p>
<p><strong>Martin Lipton</strong>, Wachtell Lipton</p>
<p><strong>Jay W. Lorsch</strong>, Harvard Business School</p>
<p><strong>Joann Lublin</strong>, Wall Street Journal</p>
<p><strong>Steve Mader</strong>, Korn/Ferry Intl.</p>
<p><strong>Ken Marzion</strong>, CalPERS</p>
<p><strong>Mary Pat McCarthy</strong>, KPMG</p>
<p><strong>Bill McCollum</strong>, State of Florida</p>
<p><strong>Robert McCormick</strong>, Glass Lewis</p>
<p><strong>Blythe J. McGarvie</strong>, Director</p>
<p><strong>William McGuinness</strong>, Fried Frank</p>
<p><strong>Patrick McGurn</strong>, RiskMetrics Group</p>
<p><strong>W. James McNerney, Jr.</strong> Boeing</p>
<p><strong>James P. Melican</strong>, PGI</p>
<p><strong>Pearl Meyer</strong>, Steven Hall &amp; Partners</p>
<p><strong>Bill Miller</strong>, Legg Mason</p>
<p><strong>Ira Millstein</strong>, Hall of Fame</p>
<p><strong>Nell Minow</strong>, The Corporate Library</p>
<p><strong>Robert A.G. Monks</strong>, author, <em>Corpocracy</em></p>
<p><strong>Peter Montagnon</strong>, ABI</p>
<p><strong>Gretchen Morgenson</strong>, New York Times</p>
<p><strong>Anne Mulcahy</strong>, Xerox</p>
<p><strong>Anne Mule</strong>, Sunoco</p>
<p><strong>Rupert Murdoch</strong>, News Corp.</p>
<p><strong>Alan Murray</strong>, Wall Street Journal</p>
<p><strong>Jim Naughton</strong>, Corporate Governance Blog</p>
<p><strong>Thomas Neff</strong>, Spencer Stuart</p>
<p><strong>Duncan Niederauer</strong>, NYSE Euronext</p>
<p><strong>Joseph Nocera</strong>, New York Times</p>
<p><strong>Floyd Norris</strong>, New York Times</p>
<p><strong>Mark Olson</strong>, PCAOB</p>
<p><strong>James Owens</strong>, Caterpillar</p>
<p><strong>Michael Oxley</strong>, Hall of Fame</p>
<p><strong>William Patterson</strong>, CtW</p>
<p><strong>Henry M. Paulson, Jr.</strong> U.S. Treasury</p>
<p><strong>Harry Pearce</strong>, Director</p>
<p><strong>Harvey L. Pitt</strong>, Kalorama Partners</p>
<p><strong>Becky Quick</strong>, CNBC</p>
<p><strong>Carl Quintanilla</strong>, CNBC</p>
<p><strong>David Rubenstein</strong>, Carlyle Group</p>
<p><strong>Paul Sarbanes</strong>, Hall of Fame</p>
<p><strong>Charles E. Schumer</strong>, U.S. Senate</p>
<p><strong>Stephen A. Schwarzman</strong>, Blackstone</p>
<p><strong>Mary Shapiro</strong>, FINRA</p>
<p><strong>Damon Silvers</strong>, AFL-CIO</p>
<p><strong>David W. Smith</strong>, SCSGP</p>
<p><strong>Michael Smith</strong>, AIG</p>
<p><strong>Jeffrey A. Sonnenfeld</strong>, Yale School of Management</p>
<p><strong>Larry W. Sonsini</strong>, Wilson Sonsini</p>
<p><strong>Andrew Ross Sorkin</strong>, New York Times</p>
<p><strong>Myron T. Steele</strong>, Delaware Supreme Court</p>
<p><strong>Leo E. Strine</strong>, Chancery Court</p>
<p><strong>David N. Swinford</strong>, Pearl Meyer &amp; Partners</p>
<p><strong>John Thain</strong>, Merrill Lynch</p>
<p><strong>Andrew Tuch</strong>, Corporate Governance Blog</p>
<p><strong>James S. Turley</strong>, E&amp;Y</p>
<p><strong>E. Norman Veasey</strong>, Weil Gotshal &amp; Manges</p>
<p><strong>Stephen Wagner</strong>, Deloitte &amp; Touche</p>
<p><strong>Carol Ward</strong>, Kraft Foods</p>
<p><strong>Henry Waxman</strong>, U.S. Congress</p>
<p><strong>Ralph Whitworth</strong>, Relational Investors</p>
<p><strong>John Wilcox</strong>, TIAA-CREF</p>
<p>Note: More than 100 individuals are named because some listings contain more than one person at the same company or in the same industry.</p>
<p>For the complete 2008 Directorship 100 article, click <strong><a href="http://www.directorship.com/media/2008/09/D100_2008.pdf">HERE</a></strong>.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.directorship.com/the-2008-list-of-influentials-on-the-directorship-100/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Death Benefits Assure &#8216;Golden Coffins&#8217;</title>
		<link>http://www.directorship.com/death-benefits-assure-golden-coffins/</link>
		<comments>http://www.directorship.com/death-benefits-assure-golden-coffins/#comments</comments>
		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
		<dc:creator>Joseph McCafferty</dc:creator>
				<category><![CDATA[Compensation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Armand Hammer]]></category>
		<category><![CDATA[Brian Roberts]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[death benefits]]></category>
		<category><![CDATA[executive compensation]]></category>
		<category><![CDATA[golden coffins]]></category>
		<category><![CDATA[Occidental Petroleum]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://www.directorship.com/?p=2300</guid>
		<description><![CDATA[Compensation critics call death benefits an extreme example of pay without performance]]></description>
			<content:encoded><![CDATA[<p>In a story that no doubt will provide more mileage to critics of executive compensation, a <a title="link to WSJ story" target="_blank"  href="http://online.wsj.com/article/SB121305922859459465.html?mod=hps_us_pageone">front-page story</a> in today&#8217;s Wall Street Journal examines death benefits&#8211;sometimes called &#8220;golden coffins&#8221;&#8211; in executive contracts. </p>
<p>
<p>Many companies accelerate unvested stock awards after a death and some promise severance payouts, &#8220;supercharged&#8221; pensions, or a combination of salaries and bonuses paid to heirs for years after they are dead.</p>
<p>
<p>The Securities and Exchange Commission requires companies to provide more detail on executive compensation. </p>
<p>
<p>The board of ComCast recently rescinded a salary-after-death provision for its 88-year-old chairman of its executive committee, Ralph J. Roberts, that would have paid him $2 million a year for five ears after his death. After criticism from shareholders, however, the provision was canceled. The heirs of current CEO, Brian Roberts (son of Ralph), would be paid for five years after his death, an estimated value of $60 million, according to the WSJ report.</p>
<p>
<p>The earliest so-called golden coffin was traced to Armand Hammer of Occidental Petroleum. His contract stipulated he be paid until his 99th year whether he was alive or dead. Hammer died in 1990 at age 92.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.directorship.com/death-benefits-assure-golden-coffins/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Costs of Keeping CEOs Safe Differ</title>
		<link>http://www.directorship.com/costs-of-keeping-ceos-safe-differ/</link>
		<comments>http://www.directorship.com/costs-of-keeping-ceos-safe-differ/#comments</comments>
		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
		<dc:creator>Joseph McCafferty</dc:creator>
				<category><![CDATA[Compensation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[James F. Reda & Associates]]></category>
		<category><![CDATA[Occidental Petroleum]]></category>
		<category><![CDATA[Ray R. Irani]]></category>
		<category><![CDATA[Valero Energy]]></category>
		<category><![CDATA[William R. Klesse]]></category>

		<guid isPermaLink="false">http://www.directorship.com/?p=2439</guid>
		<description><![CDATA[In an industry where business is booming, oil companies are sparing no expense to keep their CEOs safe. ]]></description>
			<content:encoded><![CDATA[<p>Executives from oil and gas companies are subject to kidnapping, according to a report by <em><a title="Read full article" href="http://online.wsj.com/article/SB121296823263355759.html" target="_blank">The Wall Street Journal</a></em>. Directors of <a title="Go to website" href="/www.oxy.com/" target="_blank">Occidental Petroleum</a> spent $774,756 last year on home-alarm systems and around-the-clock security to keep CEO Ray R. Irani safe.</p>
<p style="margin: 0in 0in 0pt; line-height: 200%;">
<p>
<p><a title="Go to website" href="/www.valero.com/%20" target="_blank">Valero Energy</a>, which makes four times more revenue than Occidental, spent only $239 for CEO William R. Klesse’s home-alarm monitoring system. The monitoring system was extended to all Valero workers. A spokesman for Valero Energy said that the company isn’t as well-known as Occidental’s Irani.</p>
<p>
<p>The disparity in security spending was documented in an analysis of 247 recent proxy statements for the WSJ by <a title="link to James F. Reda home page" target="_blank"  href="http://www.jfreda.com/">James F. Reda &amp; Associates</a>, a New York pay consultancy. </p>
<p>
<p>The differences reflect risk assessments by outside security advisers, a CEO&#8217;s tenure, and whether a company is involved in high-risk regions, according to experts. </p>
<p>
<p>The 247 companies represent the Fortune 300 companies that had filed their latest proxies at the time of the analysis.For the most generous boards, &#8220;it&#8217;s almost like an arms race as directors demonstrate how critical their chief executive is to the company,&#8221; says Mark Borges, a pay consultant at<a title="link to Compensia home page" target="_blank"  href="http://www.compensia.com/"> Compensia </a>in San Jose, Calif.</p>
<p>
<p><a title="Go to website" href="/www.jfreda.com/%20" target="_blank"><br /></a> </p>
]]></content:encoded>
			<wfw:commentRss>http://www.directorship.com/costs-of-keeping-ceos-safe-differ/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
