National Oilwell Varco says CEO Clay Williams' 2016 total compensation was $10.6 million versus $10.1 million in fy 2015 . Must be nice to get a raise why shutting down and doing layoffs.
http://www.reuters.com/article/brief-national-oilwell-varco-says-ceo-cl-idUSFWN1HF0WP
That's all folks. Get out now before you find yourself fighting with your current employees to get a job with a competitor that has actual progression that pays the market rate.
That's the way the cookie crumbles. CEOs get rich at the worker's expense. Halliburton's CEO received a pay increase of 12%. Apparently only the top of the pyramid get's pay raises in today's environment.
Why not?
He laid off the army of employers and saved for the company tons of dollars.
He deserved those money.
The more people behind the fence - the better the company budget is.
It's business, friends! Nothing personal... except own profit:)
Good for him... that's part of his job. The fact that it entails firing folks s---s, but it is what it is.
Talentless waste of skin and oxygen ....still nice to know even that has a market value
The increase is probably within his contract no matter how much or how little the company makes.
it's hard work ruining people's lives.
It's only about 5%. Hardly enough to keep up with inflation.