Cabot Oil & Gas CEO's Pay Jumps 33 Percent In 2008

By ERNEST SCHEYDER

NEW YORK (AP) — The chairman, president and chief executive of Cabot Oil & Gas Corp. received compensation valued at $5 million in 2008, a 33 percent increase from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing.

The Houston-based company paid Dan O. Dinges $567,500 in base salary, up 8.1 percent from the previous year, and a $776,250 performance-based cash bonus, up 17 percent year over year.

Additionally, Cabot awarded Dinges $33,657 in other compensation, which included a $15,500 payment to a 401(k) plan, as well as club dues, life insurance and an annual physical. ...