Deals
Anadarko’s CEO Gets a $98 Million Golden Parachute After Sale
- Payment is part of $300 million shared with top executives
- Anadarko changed payment terms just before bid became public
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Anadarko Petroleum Corp. Chief Executive Officer Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum Corp.
The payout is part of $300 million to be shared among six Anadarko senior executives, also including President Robert Gwin and Chief Financial Officer Ben Fink, according to a filing with the Securities and Exchange Commission published Friday.