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Chevron boosted compensation for incoming CEO Wirth in 2017

Reuters  |  HOUSTON 

HOUSTON (Reuters) - Chevron Corp boosted the pay for executive Mike Wirth last year by more than 25 percent ahead of his appointment as chief executive in early 2018, the oil producer said on Tuesday.Wirth, who became CEO in February and was previously the company's vice chairman, earned compensation last year of $11.7 million, up from $6.5 million in 2016.The compensation includes a base salary increase of 13 percent to $1.2 million as well as stock awards. Chevron paid roughly $350,000 to bolster security at Wirth's home and about $16,000 for a medical checkup and related costs for its ...

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First Published: Wed, April 11 2018. 03:14 IST