The Traderszone Network

Published in TZ Latest News 23 January, 2015 by The TZ Newswire Staff

Former Apache CEO to collect $12 million cash for retirement

Steve Farris, who retired on Tuesday as Apache Corp’s (APA.N) chief executive, stands to collect about $12 million in salary and bonus over the next three years as part of his retirement package. He will also receive two bonus payments of $2.6 million and a lump sum of $1.4 million, according to a filing with the U.S. Securities and Exchange Commission.