Douglas E. Swanson served as CEO of Oil States International from 2000 until his retirement in April 2007. During his tenure, the company saw considerable growth and expansion. In 2006, Swanson earned a total compensation of over $2.3 million, which...
Douglas E. Swanson served as CEO of Oil States International from 2000 until his retirement in April 2007. During his tenure, the company saw considerable growth and expansion. In 2006, Swanson earned a total compensation of over $2.3 million, which included a base salary of $351,500 and a significant bonus that was tied to the company’s performance. Swanson was known for his data-driven approach, focusing heavily on metrics like EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to determine bonuses. His leadership style emphasized aligning executive interests with those of shareholders, which included stock options as part of the compensation package. One of the more notable aspects of his retirement was the smooth transition of leadership, where he stayed on as a director after stepping down as CEO. In the years leading up to his retirement, he demonstrated savvy investing through insider trading, with transaction values fluctuating from hundreds of thousands to a million dollars monthly. Overall, Swanson’s leadership coincided with significant developments for the company, making his time as CEO a pivotal period in its history.