EQT CEO receives $5.3 million in 2008 compensation

PITTSBURGH (AP) — Energy company EQT Corp., formerly Equitable Resources Inc., gave compensation of $5.3 million to its chief executive in 2008, crediting him for helping the company increase sales volume, complete three major projects and other factors.

Murray S. Gerber was paid a salary of $649,036, a special cash bonus of $925,012 that was not paid in 2007 and a performance-based bonus of $1.9 million, according to the company's proxy filed with the U.S. Securities and Exchange Commission Thursday.

Gerber received other compensation of $96,403 that included a payroll and contribution deduction plan and perks that included $15,256 for financial planning and $8,940 for annual country and dining club dues. ...