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Started By
Message
Schlumberger cut 25,000 jobs, paid CEO $18 million in 2015
Posted on 2/19/16 at 4:30 pm
Posted on 2/19/16 at 4:30 pm
quote:
2015 was a tough year for oil driller Schlumberger. Unless you were the CEO.
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%.
Schlumberger (SLB) shares tumbled 18%.
LINK
42
Posted on 2/19/16 at 4:31 pm to Street Hawk
Guy is running the largest oil exploration company in the world what the hell do you expect? 
Posted on 2/19/16 at 4:31 pm to Street Hawk
Dat $200k pay cut, doe.
Posted on 2/19/16 at 4:31 pm to Street Hawk
Zero fricks given. A company is there to make money, period. Employees are just that, employees.
Posted on 2/19/16 at 4:32 pm to Street Hawk
They should get more tax cuts and corporate welfare. That will fix it.
Posted on 2/19/16 at 4:32 pm to Street Hawk
If they wouldn't have paid him $18.5M they could have paid each of the 25,000 employees $740 total.
Posted on 2/19/16 at 4:32 pm to H.M. Murdock
quote:Then stop bitching at all the milenials for not having "loyalty" to their company and job hopping
Zero fricks given. A company is there to make money, period. Employees are just that, employees.
This isn't specific to you.
Posted on 2/19/16 at 4:33 pm to Street Hawk
lets pretend the average salary for each worker laid off is 40,000 year.
That saved one billion dollars.
That saved one billion dollars.
Posted on 2/19/16 at 4:33 pm to TJGator1215
quote:
They should get more tax cuts and corporate welfare.
What are you talking about? Do you even understand what you are talking about because it appears you read some headline.
That industry pays a crap ton in taxes.
Posted on 2/19/16 at 4:34 pm to Street Hawk
Well then, that seems like motivation for you to work your way up to CEO level...
Posted on 2/19/16 at 4:34 pm to Street Hawk
Good for mr. Kibsgaard
Sucks for the 25000
Sucks for the 25000
Posted on 2/19/16 at 4:34 pm to lsupride87
Only loyalty you need is to yourself in bidness bro dog
Posted on 2/19/16 at 4:34 pm to fisherbm1112
quote:
Guy is running the largest oil exploration company in the world what the hell do you expect?
frick. I'm running a $17M program right now and that shite is grinding me to the bone.
Schlumberger CEO is running an organization with $48B.........B as in BILLION in revenue.
People who can do that even remotely successfully are not common in the slightest.
People who bitch about CEO pay for such organizations probably couldn't run a District including 8-10 McDonald's.
Posted on 2/19/16 at 4:34 pm to H.M. Murdock
quote:Agreed
Only loyalty you need is to yourself in bidness bro dog
Posted on 2/19/16 at 4:35 pm to ShortyRob
quote:
frick. I'm running a $17M program right now and that shite is grinding me to the bone.
Schlumberger CEO is running an organization with $48B.........B as in BILLION in revenue.
People who can do that even remotely successfully are not common in the slightest.
People who bitch about CEO pay for such organizations probably couldn't run a District including 8-10 McDonald's.
Take that common sense out of here. No room for it.
Posted on 2/19/16 at 4:36 pm to Street Hawk
How much did Hillary Clinton rake in for 2015?
Posted on 2/19/16 at 4:36 pm to ShortyRob
quote:
frick. I'm running a $17M program right now and that shite is grinding me to the bone.
Schlumberger CEO is running an organization with $48B.........B as in BILLION in revenue.
People who can do that even remotely successfully are not common in the slightest.
People who bitch about CEO pay for such organizations probably couldn't run a District including 8-10 McDonald's.
No doubt. Exactly why my response was where it was. That bastard probably has to have a team of people helping him just to keep up with his day to day activities.
Posted on 2/19/16 at 4:36 pm to Street Hawk
How long are we going to allow private corporations to make decisions that they believe are in their best interest? That is so cray-cray.
Posted on 2/19/16 at 4:38 pm to upgrayedd
I'll fill you in.
HRC made $16 mil in 2014, and she's supposed to be a public servant.
HRC made $16 mil in 2014, and she's supposed to be a public servant.
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