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James J. Mulva, former CEO of ConocoPhillips, has a solid reputation for steering the company towards strong performance and shareholder value. He graduated with a Bachelor's degree in Business Administration from the University of Texas at Austin and has held...

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James J. Mulva

Ex-CEO of ConocoPhillips

Education

Bachelor's degree in Business Administration from the University of Texas at Austin

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

June 19, 1946 - 78 years ago

CEO of ConocoPhillips for

9 years 8 months (Aug 2002 - Apr 2012)

Previous Experience

CEO of Phillips Petroleum Company

Holdings

See how much did James J. Mulva make over time.

James J. Mulva’s personal investments tell an interesting story. At one point, the value of his stock holdings in ConocoPhillips alone was over $101 million. This shows he didn't just talk the talk; he walked the walk. His decisions to...

Charitable Transactions

COP

82,129 shares

COP

Recent Charitable Transactions

COP

82,129 shares

COP

Dec 27, 2010

Charity

Insider Trading

See recent insider trades of James J. Mulva.

COP

82,129 shares

COP

Dec 27, 2010

Charity

Compensation History

See how much did James J. Mulva make over time.

James J. Mulva's compensation was heavily focused on performance. In 2011, he earned about $27.6 million, with most of that coming from performance-based stock awards and not bonuses. His base salary was set at $1.5 million, but he didn’t take bonuses every year. For instance, in 2012, he opted not to take any bonus, reflecting his belief that performance should dictate pay. This aligns well with ConocoPhillips' philosophy of connecting executive pay with company results. Over the years, he was consistently awarded equity-based pay, which ensured that he had a vested interest in the company’s growth. His incentive pay structure was designed to reward long-term performance, ensuring his focus was always on sustainable results rather than short-term gains. Mulva's careful handling of his compensation reflects a broader strategy that values stability and alignment with shareholder success.

Year

2012

Total Compensation

$4.23M

Salary

$734.61K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and stockholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded in 2012 as the focus was on performance-based compensation through stock and options.

Other

$297.28K

Board Justification

Other compensation includes various benefits such as life insurance premiums, matching contributions, and other perquisites.

Restricted Stock

$3.19M(41.99K Restricted Stock Units (RSUs))

Board Justification

Restricted stock units granted in lieu of participation in performance share program periods after the spin-off, which vested upon retirement.

Performance Metrics

Performance metrics included corporate performance measures and individual performance adjustments based on contributions to the company's success.

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