.Chevron CEO Payout: $16 Million

Hey, not everyone’s feeling the bite of our imminent recession. According to the East Bay Business Times, Chevron Chairman and CEO David O’Reilly received $16 million in 2007. The compensation package included a management bonus of $3.6 million and stock options worth $10.2 million, in addition to his annual salary. Oh, and he exercised $29 million in stock options last year. Looks like that four bucks a gallon at the pump goes somewhere after all.

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