Marathon Oil proxy shows CEO Tillman received total pay increase for 3rd-straight year [MarketWatch]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: MarketWatch
Marathon Oil Corp. filed late Thursday its 2020 proxy statement with the Securities and Exchange Commission, which showed that Chief Executive Lee Tillman total compensation increased in 2019 for a third-straight year. Tillman's base salary rose 4.4% to $1.19 million, after rising 4.6% in 2018 and increasing 3.8% in 2017. His total compensation grew 15.1% in 2019 to $14.05 million, after rising 20.7% in 2018 and 17.3% in 2017. Meanwhile, the total compensation for the media employee increased 24.7% to $144,720 in 2019, after falling 11.9% to $116,041 in 2018. The CEO pay ratio declined to "97 times" in 2019 from 105 times in 2018. Marathon Oil's stock had declined 5.3% in 2019 after falling 15.3% in 2018. In comparison, the SPDR Energy Select Sector ETF rose 4.7% in 2019 after shedding 20.6% in 2018, while the S&P 500 rose 28.9% in 2019 after falling 6.2% in 2018. Earlier this week, Marathon said it was cutting 2020 capital expenditures to about half of 2019's levels, and implementing
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