Tuesday, September 3, 2019

Houston, Texas-Based The Old Baker Hughes Inc's Top-Tier Executives Average Pay Raise Was a Messy But Robust 9.9% Per Year During the Eight Years (2009-2016) Before the Baker Hughes/GE Oil & Gas Combination in 2017, But This Excluded Any Golden Parachute Payments. Baker Hughes Inc's Three Top-Tier Executives, Who Took Their Golden Parachute Payments and Also Had Their Annual 2016 Total Compensation Disclosed, Were Projected to Get Total Potential Change in Control Payments (Golden Parachutes) of $73.235 Mil, Which Was 2.9 TIMES the Total Executive Compensation They Received in Annual 2016 of $25.099 Mil. Many Other Baker Hughes Inc Executives Were Also Eligible To Receive Golden Parachute Payments.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows The Old Baker Hughes Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the eight years before the 2017 Baker Hughes/GE Oil & Gas Combination.  Also shown below are Estimated Parachute Payments Made to Three of Baker Hughes Inc's Top-Tier Executives.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
  Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
The Old Baker Hughes Inc 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
       
Craighead CEO  N/A   N/A   N/A   N/A      13,461     13,532     13,532     14,982     14,982       9,222
Ross CFO  N/A   N/A   N/A   N/A        5,807       5,371  N/A   N/A 
Chariag President Global Operations  N/A   N/A   N/A   N/A        6,896       4,740       4,740       5,184       5,184       4,019
Soucy President Products and Technology  N/A   N/A   N/A   N/A        5,831       4,136       4,136       3,923    
Mathieson Chief Commercial Officer  N/A   N/A   N/A   N/A        3,941       3,773       3,773       4,337       4,337       2,934
Crain Chief Legal Officer  N/A   N/A   N/A   N/A        7,448       4,932       4,932       5,559       5,559       4,116
Ragauss Former CFO  N/A   N/A   N/A   N/A   N/A   N/A 
 Totals   N/A   N/A   N/A   N/A      43,384     36,484     31,113     33,985     30,062     20,291
Annual % Change vs Prior Year  N/A   N/A  18.9% -8.5% 48.2%
3 Year Average Per Year % Change     19.5%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
The Old Baker Hughes Inc 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Craighead CEO       8,991       6,902       6,902       4,871       4,825       4,133       4,133       2,968       2,968       2,598
Ross CFO
Chariag President Global Operations  N/A   N/A 
Soucy President Products and Technology
Mathieson Chief Commercial Officer       2,874       3,093       3,093       2,243    
Crain Chief Legal Officer       4,027       3,426       3,426       2,914       2,914       2,527       2,527       2,275       2,275       3,423
Ragauss Former CFO       5,101       4,064       4,064       4,216       4,216       3,680       3,680       3,233       3,233       4,525
Deaton Executive Chairman       6,225     11,255     11,255       9,444       9,444       8,778       8,778     13,145
O'Donnell President West Ops       2,016       1,444       1,444       1,729
 Totals      20,993     17,485     23,710     25,499     23,210     19,784     21,800     18,698     18,698     25,420
Annual % Change vs Prior Year 20.1% -7.0% 17.3% 16.6% -26.4%
5 Year Average Per Year % Change 4.1%
8 Year Average Per Year % Change 9.9%  
Potential FYE
Change Dec
The Old Baker Hughes Inc in 2016
Top-Tier Control Total
Executive Payments Comp  
$ 000s $ 000s Multiple
Craighead CEO     42,043     13,461           3.1
Ross CFO     15,240       5,807           2.6
Soucy President Products and Technology     15,952       5,831           2.7
 Totals      73,235     25,099           2.9