http://money.cnn.com/2016/02/19/news/companies/schlumberger-ceo-pay-oil-jobs/index.html
CEO Paal Kibsgaard received total compensation worth $18.3 million in 2015, the company reported, down only slightly from $18.5 million the year before.
The rest of Schlumberger didn't fare so well. The company cut 25,000 jobs during the year, or 20% of its workforce. Revenue was down 27%, and profit plunged 41%.
What a friggin' snake
Paal Kibsgaard joined Schlumberger in 1997 as a reservoir engineer in Saudi Arabia. He has held a variety of positions with the company and became CEO in August 2011. However, shares are down 6.6 percent under his leadership. What a disappointment, imagine what he would have received had he had shown growth.
I didn't say they should have kept 25,000 employees in these tough times superhero, I said he is grossly overpaid and maybe he should make a little sacrifice in the form of a pay cut that could have possibly saved some jobs. STFU.
in 2015 he was the 8th highest paid CEO in the USA
Below is a nice article "Are These 10 CEOs the Biggest Disappointments on Wall Street?" cut and paste the following link
http://www.cheatsheet.com/hot-feature/are-these-10-ceos-the-biggest-disappointments-on-wall-street.html/?a=viewall
2015 Compensation
Paal Kibsgaard
Schlumberger LTD
$22,837,540 Income
$1,700,000 Salary
We could have saved ~25000 jobs if not for the downturn which no one at big blue wanted. Deducting ~720 a piece from each ~25000 employees who were made redundant paid Paal his income... Not really but that's the 'contribution' from each laid off employee had that been where the CEO collected his pay. Still think big blue could have kept you worthless lumps all around? SLB managed to be profitable in the largest downturn O&G has seen since the 80's. Still not impressed? You're right... We should have kept 25k jobs totaling 2+ billion in losses and buried SLB alive! This super hero is glad the CEO has a brain to think for the 25k redundant former employees.
Congrats Paaaaaaaaaaaaaaaaaaaaaal! You made the CNN top news........you really have big Cojones you know! Anyways congrats again and da hell with 25,000 employee, who needs'em.....
That guy is way over paid, if they would have made him redundant think of how many jobs could have been saved. I am sure he is worth every penny, yeah right. Schlumberger is a joke.