Monday, May 6, 2013
LeBron James wins MVP, 1 vote shy of unanimously
MIAMI—LeBron James was at his best this season, and the voters
tasked with selecting the NBA's Most Valuable Player took notice.
Every voter except one, that is.
The NBA still does not have a unanimous MVP, though no one has come closer than James did this season. The Miami Heat star was presented with the Maurice Podoloff Trophy for the fourth time in his career on Sunday after collecting 120 of the 121 first-place votes, with Carmelo Anthony of the New York Knicks picking up the lone remaining top choice.
"It was probably a writer out of New York that didn't give me that vote," James said. "And we know the history between the Heat and the Knicks, so I get it."
As it turns out, the writer hails from another town with something of a rivalry against New York, saying he believes Anthony "meant more to his team" this season.
Gary Washburn of The Boston Globe says Anthony made the New York Knicks relevant again by leading them to their first division title in nearly two decades. Washburn's explanation was published Monday, one day after James won his fourth MVP award.
Every voter except one, that is.
The NBA still does not have a unanimous MVP, though no one has come closer than James did this season. The Miami Heat star was presented with the Maurice Podoloff Trophy for the fourth time in his career on Sunday after collecting 120 of the 121 first-place votes, with Carmelo Anthony of the New York Knicks picking up the lone remaining top choice.
"It was probably a writer out of New York that didn't give me that vote," James said. "And we know the history between the Heat and the Knicks, so I get it."
As it turns out, the writer hails from another town with something of a rivalry against New York, saying he believes Anthony "meant more to his team" this season.
Gary Washburn of The Boston Globe says Anthony made the New York Knicks relevant again by leading them to their first division title in nearly two decades. Washburn's explanation was published Monday, one day after James won his fourth MVP award.
The chairman of Occidental Petroleum Corp. (OXY)
LOS ANGELES (AP) - The chairman of Occidental Petroleum Corp. (OXY) who drew criticism over his compensation as CEO, is out.
Ray R. Irani will step down and be replaced by a former diplomat, Occidental announced Friday after its annual meeting. Shareholders cast their shares against him by more than a 3-to-1 margin.
Irani was chairman and CEO from 1990 to 2011 and became executive chairman in May 2011.
AP
The company said that another director, Aziz Syriani, withdrew before the election at the company's annual meeting.
Occidental said that Edward P. Djerejian, a former U.S. ambassador to Israel and Syria, will replace Irani. Former U.S. Energy Secretary Spencer Abraham will become vice chairman.
Irani, 78, has come under fire by shareholders for his compensation. An analysis by The Associated Press found that in 2010, he was the second-highest-paid CEO among Standard & Poor's 500 companies, with a package of salary, stock awards and other compensation valued at $76.1 million, up 142 percent from the year before.
Big shareholders including the California State Teachers' Retirement System called his compensation a waste of shareholder money.
The Los Angeles-based oil and gas producer defended the compensation, saying it was tied to Occidental's performance. The company's net income jumped 55 percent to $4.53 billion in 2010. Under Irani'sleadership, Occidental grew to become the fourth-largest U.S.-based oil company. Its stock market value was $9 billion in 2000 and is $73 billion now.
Irani had planned to retire at the end of 2014.
Ray R. Irani will step down and be replaced by a former diplomat, Occidental announced Friday after its annual meeting. Shareholders cast their shares against him by more than a 3-to-1 margin.
Irani was chairman and CEO from 1990 to 2011 and became executive chairman in May 2011.
AP
The company said that another director, Aziz Syriani, withdrew before the election at the company's annual meeting.
Occidental said that Edward P. Djerejian, a former U.S. ambassador to Israel and Syria, will replace Irani. Former U.S. Energy Secretary Spencer Abraham will become vice chairman.
Irani, 78, has come under fire by shareholders for his compensation. An analysis by The Associated Press found that in 2010, he was the second-highest-paid CEO among Standard & Poor's 500 companies, with a package of salary, stock awards and other compensation valued at $76.1 million, up 142 percent from the year before.
Big shareholders including the California State Teachers' Retirement System called his compensation a waste of shareholder money.
The Los Angeles-based oil and gas producer defended the compensation, saying it was tied to Occidental's performance. The company's net income jumped 55 percent to $4.53 billion in 2010. Under Irani'sleadership, Occidental grew to become the fourth-largest U.S.-based oil company. Its stock market value was $9 billion in 2000 and is $73 billion now.
Irani had planned to retire at the end of 2014.
Subscribe to:
Posts (Atom)