Recession had little impact on CEO pay

October 31, 2009 10:13:43 AM PDT
A steep decline in the stock market in 2008 did not seem to have much impact on the amount CEOs get paid.

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A new survey by Corporate Library revealed which CEOs got the most compensation, which includes base salary, bonuses and stock options.

At the top of the list is Stephen Schwartzman of Blackstone Group. He took home more than $700 million.

Larry Ellison of Oracle took home more than $556 million.

Rounding out the top three is Ray Irani of Occidental Petroleum Corporation. His compensation totaled more than $222 million.

Seven out of the ten highest paid CEOs in 2008 worked in the petroleum industry.

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