General News | Deals - Acquisition, Mergers, Divestitures
Anadarko CEO Walker to Get $98MM Post-Oxy Merger; Five More Execs Score Payouts
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Anadarko Petroleum CEO Al Walker will walk away with a $98 million-dollar payout when Occidental Petroleum finalizes its $38 billion acquisition of Anadarko, according to a recent filing with the SEC.
In addition to Walker, five other top Anadarko executives will receive a payout as well. Including Walker, the six top execs will walk away with a total of $300 million between them:
- Al Walker (CEO): $98.1 million
- President Robert Gwin (President): $55 million
- CFO Ben Fink (CFO): $29.4 million
- Daniel Brown (EVP of US Onshore): $43.6 million
- Mitchell Ingram (EVP of International / Deepwater): $43.9 million
- Amanda McMillian (General Counsel): $30.6 million
The payouts will be made up of cash, equity as well as tax reimbursements.
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