5 of 5
Eugene Isenberg, Nabors Industries
With total compensation of $79.3 million, Eugene Isenberg ranked No. 8 on the list of 10 highest paid CEOs, according to Corporate Library.

In 2008, shares of the oil and gas drilling company plummeted 51%, although the company's stock has outperformed industry rivals over the last 12 months.

Isenberg's total compensation was driven mostly by a $58.7 million bonus, which was calculated based on a percentage of the company's cash flow. Over the years, this formula has resulted in $625 million in "aggregate bonuses" for Isenberg.

A Nabors spokesman said Isenberg recently renegotiated his contract and that his bonus formula is now based less on company cash flow.

More galleries

Last updated September 28 2009: 9:42 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
25 Highest-paid women Which corporate women raked it in - and how much did they earn? More
25 Best-paid menSee how these male executives' paychecks compare to the 25 best-paid women. More
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.