NEW YORK — NEW YORK (AP) - The chairman of oil-services company Schlumberger Ltd. received a 10 percent increase in compensation in 2010, according to an Associated Press analysis of a Securities and Exchange Commission filing.
Andrew Gould's compensation was valued at $14.5 million, compared with $13.1 million in 2009. The increase mostly came from a jump in his performance-based cash bonus, which rose to $2.8 million from $1.8 million the year before.
Gould's base salary remained at $2.5 million, and he received options awards worth $8.9 million on the days they were granted. His perks were valued at $214,000, including contributions to his 401(k) and company savings plan.
The Associated Press formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
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