Thread regarding Chesapeake Energy Corp. layoffs

CEO Compensation

  • is now about 3% of a rapidly declining market cap. Let that sink in. The sustained exec greed through CHK’s decline over the previous few years is asinine. An unwarranted compensation package for terrible performance, poor decisions, and fumbled earnings calls.

How motivational is that to employees? All the culture training in the world passed down from leadership and employees have to watch that same leadership literally (and sadly, legally) steal from the company and the shareholders.

Some shadow being cast, boys. Great job.

Do yourself a long term favor and get out of O&G. The reality is, that most of us will have to.

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| 2471 views | | 7 replies (last February 26, 2020) | Reply
Post ID: @OP+13zo6u9E

7 replies (most recent on top)

‘Lay-off’ more employees & ruin their careers & families, & keep cashing your ludacris paychecks & looking at your bald headed self in your million $ bathroom mirror

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Post ID: @8nzl+13zo6u9E

why don’t you chime in Dougie? I know you are reading this

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Post ID: @6fsa+13zo6u9E

Not just DL. What about the other EVP’s. All
Have made themselves millionaires at the expense of the company. Compare salaries for CFO and
GC and see how they compare. It’s crazy.

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Post ID: @1zou+13zo6u9E

Majority of equity comp is almost worthless. Their own fault.

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Post ID: @1dqb+13zo6u9E

Interesting metric. Let’s say Apple’s CEO was paid 3% of market cap. That’d be about $40 billion compensation. Per year. That’s how ludacris DL’s pay is.

To be fair, let’s use Exxon. Their CEO would make $7.5 billion per year. Ok, DL’s pay is still ludacris. To add some further insult to injury, Exxon’s CEO actually makes far less than our beloved DL... even though XOM is a far more complex & sophisticated business.

To be even more fair, let’s take stock price out of the equation and compare CEO compensation as a percentage of last quarter revenue.

AAPL: $125MM/$92B= .00136%
XOM= $17.5MM/$67B= .00027%
CHK= $24MM/$2B= .012%

Proportional to revenue, our guy makes >40x what Exxon’s guy does. Read that sentence again, then pause for 5 seconds and just ponder that.

Honestly, DL should make about $2-3MM per year. Maybe.

Overpaid is an understatement. Would someone please spit in that guys face? Thanks.

Get back to work, peasants.

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Post ID: @1bgc+13zo6u9E

I would give anything to see some of the faces as they read this. You know who you are....

Lol

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Post ID: @1ucd+13zo6u9E

Management is pathetic and pay should be tied to stock performance lol

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Post ID: @1oxd+13zo6u9E

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