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 |
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.