Forum Post: Retiring CEO Nabors Industries gets $100,000,000
Posted 13 years ago on Nov. 1, 2011, 2:17 a.m. EST by Nevada1
(5843)
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Big payoff for getting lost.
Really .... One Hundred Million Dollars?
It's a good job if you can get it.
The problem isn't the guy getting the $100 million. The problem is ..... who are the people who agreed to give this dude $100 million?
Did the shareholders of this company approve such a thing? I don't know. I doubt it.
Giving some guy $100 million doesn't sound like "shareholder value". Not unless he personally enriched all the other shareholders with fantastic returns and dividends by his stellar performance. Did he do that?
This might be a good argument for letting shareholders have more say in management compensation.