"Oil driller cut 25,000 jobs, paid CEO $18 million"- Leah Messinger(period 1)

        This article explains the awful effects of the plunging oil prices of 2015. As a result of the dropping oil prices, the oil company Schlumberger had to cut 25,000 jobs, which was about 20% of their total workforce. Their revenue is down 27% and their profit has dropped 41%. The most unfortunate part about this huge loss in employees and dropping prices is that the company's CEO, Paal Kibsgaard, still received a total of $18.3 million, which is only a $.2 million drop from last year.
         This can compare to the robber barons and big businesses of the "Gilded Age". Even though 25,000 people lost their jobs, one singular person was still paid an absurd amount of money that is more than substantial. It seems unfair that as a result of the dropping oil prices thousands lose their jobs while Kibsgaard still remains insanely wealthy. In the "Gilded Age", the situation was very similar as their were a select group of people making a majority of the money while everyone else was struggling and working hard to make a scarce amount.

http://money.cnn.com/2016/02/19/news/companies/schlumberger-ceo-pay-oil-jobs/index.html