Buddy, Can You Spare A Dime?*

Irani's salary in 2006 was $1.3 million and his cash bonus was $1.4 million, according to the filing. But stock and option awards and other benefits lifted his 2006 compensation to $55.6 million, the proxy said. In the proxy, the company said that from December 1990 - when Irani succeeded Armand Hammer as chief executive - through 2005, the company's stock rose to about $40 a share from $9 and its total shareholder return was 699 percent. "When you look at this, this is solid pay for performance," said Richard Kline, an Occidental spokesman. "It serves the best interest of the corporation and the best interest of the shareholder." *http://www.fortunecity.com/tinpan/parton/2/brother.html http://money.cnn.com/2007/04/09/news/newsmakers/occidental.reut/

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