The latest: Nabors Industries' Anthony Petrello, who received compensation valued at $68.2 million and gained another $27 million from vested shares, the gas and oil drilling contractor said Wednesday in its annual filing.
Nabors Industries had been under pressure to limit pay and severance packages for executives since 2011, when then-CEO Eugene Isenberg stepped away with a $100 million termination fee, but remained as chairman. Isenberg later waived the payment.
Facing renewed shareholder pressure, Nabors' board of directors terminated a potential $50 million severance payment to Petrello and capped his cash bonus last year. But a new, restructured employment contract provided Petrello a one-time payment worth $45 million, Nabors says.
Petrello, 59, also received a stock award valued at $18.7 million, $1.5 million bonus and $1.7 million in salary. Petrello's 2012 compensation was valued at $19.7 million.
News of Petrello's compensation comes on the heels of several mega-paydays disclosed in proxy filings over the past week. Among them:
Cheniere Energy reported that CEO Charif Souki received compensation valued at $142 million and gained another $130 million from vested shares.
LinkedIn said CEO Jeffrey Weiner received compensation valued at about $49 million and gained nearly $180 million from stock options and vested shares.
Time Warner Cable said CEO Glenn Britt received compensation valued at nearly $118 million, including $62 million in stock and options that vested when he retired Dec. 31.
Wal-Mart reported CEO Mike Duke, who retired Jan. 31, received deferred comp valued at $140 million.
Follow Strauss on Twitter @gbstrauss.
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