Occidental's Irani, Gilead's Martin join $50-million club

— -- The $50 million-plus compensation club has swelled by a couple more top executives.

Occidental Petroleum's Ray Irani — no stranger to the club — received compensation valued at $80.4 million, while John Martin, CEO of biopharmacutical giant Gilead Sciences, pulled in about $54.5 million, according to annual proxy statements filed Tuesday.

Irani's gains include $48.7 million in previously awarded shares that vested in 2011, a $26 million payout from a previously awarded grant and a $19 million incentive award.

Iriani, 77, stepped aside as CEO last May, but remains executive chairman. His compensation actually dropped from 2010's $87.3 million, which included $76.1 million in salary, bonus, stock, incentive pay and perks.

Martin's $54.5 million includes a stock grant worth $5.5 million and stock options valued at $5.8 million. Martin also exercised previously awarded options valued at $36 million and received vested shares worth $2.9 million.

Thanks to rebounding stock prices and improving corporate profits, 2011 is shaping up to be a banner year for CEO pay. But the number of executives running publicly held companies who are posting compensation gains of $50 million or more appears unprecedented. Among those who've already reported:

•Starbucks CEO Howard Schultz, $68.8 million. Schultz received compensation valued at $16 million, a special retention award valued at $12 million and exercised stock options for another $40.8 million.

•Walt Disney's Robert Iger, who received $31.4 million in pay and perks and gained another $21.4 million from previously issued stock options and vested shares.

•Apple's Tim Cook — $378 million, including $376 million in restricted stock after replacing the late Steve Jobs. Half of the grant vests in five years, the rest in 2021.

•Qualcomm's Paul Jacobs — $50.6 million, including $28.9 million from stock options.

•Tyco International's Ed Breen — $68.9 million, including stock and option gains worth $52.4 million.

•J.C. Penney's Ron Johnson — $51.5 million, including $50 million in restricted shares after signing on in November.