Ensco CEO Gets $7.7M In Total Pay, An 8 Pct Jump

DALLAS (AP) — Contract driller Ensco International Inc. raised its chief executive's total compensation by about 8 percent in 2008, the same year the company's profit jumped despite a volatile energy market, according to an Associated Press calculation of figures disclosed in a filing with the Securities and Exchange Commission.

Daniel Rabun, the company's chairman, president and CEO, saw his total compensation climb to $7.7 million in 2008. He earned $7.1 million in 2007.

Rabun's salary jumped 8 percent to $851,813, compared with the $787,500 he earned in 2007. Rabun received a performance-based bonus of $1.2 million, a 4 percent bump from the $1.1 million he earned the year before. Ensco also gave him about $148,196 in "other" compensation, which includes about $85,182 toward his profit sharing plan, $31,091 for his retirement savings plan and $15,041 in dividends on non-vested restricted stock. ...