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Our strong results come from empowering our people. In a tweet this week, Musk accused Microsoft, a major AI developer and close partner of OpenAI, of training algorithms illegally using Twitter data.. In all cases, the Chief Executive Officer and any other such officers shall not be present at meetings during the time when their compensation or performance is discussed or determined. The information shown here is a reporting of information included in the company's proxy statement. CEO Our Standards: The Thomson Reuters Trust Principles. The purpose of the Management Compensation Committee (the Committee) of the Board of Directors of Chevron Corporation (the Corporation) is: The Committee shall comprise not fewer than two members of the Board of Directors, as shall be determined from time to time by the Board of Directors based on recommendations from the Board Nominating and Governance Committee, if any. At Chevron you have not one, but two employer-sponsored plans the Chevron Retirement Plan (CRP) and the Employee Savings Investment Plan (ESIP) to help you save for retirement. Wirth also received $11.7 million in direct awards of stock and obtained $3.8 million in stock options, the SEC files showed. The Ethics of Executive Compensation: A Matter Some benefit plans and policies described in this document may be subject to collective bargaining and, therefore, may not apply to union-represented employees. Executive compensation The Committee shall review and consider the results of the Corporations most recent Say on Pay vote, and any other feedback gathered through the Corporations ongoing stockholder engagement, in making executive compensation decisions and recommendations to the Board of Directors. CHEVRON CEO compensations are set to the rise 30% to an average of $38.1 million this year, according to As You Sow.