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Oil company CEO takes home $18 million despite cutting 20% of workers
http://www.nydailynews.com/news/national/oil-ceo-tales-home-18-million-cutting-20-worker-article-1.2538309Though his profits and workforce have been drying up, an oil company CEO was awarded more than $18 million for his work in 2015.
Schlumberger, the world's largest oil field service, cut 25,000 jobs last year, or 20% of its workforce, according to CNN....
Adding to the company's troubles, it was also fined $232 million by the Justice Department for violating sanctions against Iran and Sudan.
Despite plunging indicators, Kibsgaard’s compensation reportedly dropped just 1.1% from 2014, from $18.5 million to $18.3 million.
Schlumberger, the world's largest oil field service, cut 25,000 jobs last year, or 20% of its workforce, according to CNN....
Adding to the company's troubles, it was also fined $232 million by the Justice Department for violating sanctions against Iran and Sudan.
Despite plunging indicators, Kibsgaard’s compensation reportedly dropped just 1.1% from 2014, from $18.5 million to $18.3 million.
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