Cameron International Corp.'s top executive earned total compensation valued at $4.15 million in his first nine months as the oil services company was hurt by slowing demand, according to an Associated Press analysis of a securities filing.
of $147.27 a barrel in July.
Since then, falling crude prices, limited access to credit and other recessionary effects have hurt Houston-based Cameron, which supplies oil and gas producers with drilling and other services.
In 2008, Moore earned a base salary of $745,385 and a performance-based bonus of $902,981, according to a Securities and Exchange Commission filing submitted Wednesday.
Moore received $219,343 in compensation for such perks as club memberships, financial planning, and insurance and retirement benefits.
He also received stock and options valued by the company at $2.28 million when granted in November 2008. Since then, the company's stock price has risen about 10 percent.
Moore took over from Sheldon R. Erikson who stepped down as CEO but remains chairman. His compensation package for 2007 was valued at $7.1 million, including a base salary of $1.03 million, performance-based bonus of $1.5 million and stock options valued by the company at $4.3 million when granted.
The Associated Press calculations of total pay include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.
For 2008, Cameron reported a profit of $593.7 million, or $2.60 per share, up from $500.9 million, or $2.16 per share, in 2007. Revenue rose 25 percent to $5.85 billion from $4.67 billion.
Cameron has warned investors its 2009 earnings likely will fall due to lower customer project spending amid a weakening environment for energy demand. It expects a full-year profit between $1.75 per share and $2 per share. Analyst surveyed by Thomson Reuters anticipate a profit of $1.83 per share.
Cameron completed a two-for-one stock split in December 2007. Its share price fell about 57 percent in 2008. The company's shares rose 62 cents to $25.18 in afternoon trading Thursday.
source: yahoo
of $147.27 a barrel in July.
Since then, falling crude prices, limited access to credit and other recessionary effects have hurt Houston-based Cameron, which supplies oil and gas producers with drilling and other services.
In 2008, Moore earned a base salary of $745,385 and a performance-based bonus of $902,981, according to a Securities and Exchange Commission filing submitted Wednesday.
Moore received $219,343 in compensation for such perks as club memberships, financial planning, and insurance and retirement benefits.
He also received stock and options valued by the company at $2.28 million when granted in November 2008. Since then, the company's stock price has risen about 10 percent.
Moore took over from Sheldon R. Erikson who stepped down as CEO but remains chairman. His compensation package for 2007 was valued at $7.1 million, including a base salary of $1.03 million, performance-based bonus of $1.5 million and stock options valued by the company at $4.3 million when granted.
The Associated Press calculations of total pay include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.
For 2008, Cameron reported a profit of $593.7 million, or $2.60 per share, up from $500.9 million, or $2.16 per share, in 2007. Revenue rose 25 percent to $5.85 billion from $4.67 billion.
Cameron has warned investors its 2009 earnings likely will fall due to lower customer project spending amid a weakening environment for energy demand. It expects a full-year profit between $1.75 per share and $2 per share. Analyst surveyed by Thomson Reuters anticipate a profit of $1.83 per share.
Cameron completed a two-for-one stock split in December 2007. Its share price fell about 57 percent in 2008. The company's shares rose 62 cents to $25.18 in afternoon trading Thursday.
source: yahoo
0 comments:
Post a Comment