Markets | Thu Apr 7, 2016 4:33pm EDT
Related: Stocks, Markets
BRIEF-Marathon Oil CEO's 2015 total compensation $11.3 million vs $11.5 million in 2014 - SEC Filing
http://www.reuters.com/article/idUSFWN17A0PU
And the real underperformers have now been made Directors and VPs.... all that's left of MOC is smoke and mirrors--apparently that's lucrative!
Deanna should walk people out the door. She may be the last one standing in HR.
Does he actually let someone else drive his race car?
If the assigned driver was ran off, who would be the point guy for security when future folks were shown the door?
The company is already paying for him to have a personal driver. Cut that role as it is not necessary. He can drive his dang self to work.
drivers wanted
So you want to pay him to drive to work??? Kind of silly, as he is overpaid now, and not saving any money, but I'll take some of that action. I will take "a couple hundred thousand" in salary to keep driving myself to work.
All those millions and Lee needs a lackey personal driver who is paid hourly to be at his beck and call. Add a couple hundred thousand to his salary for that "driver". How about saving some money there? Or is that too logical?
Good ole boy system. And, do as I say not as I do.
Attempting to understand whether buying back stock at the top of the market, issuing stock at the bottom of the market, forgetting to hedge any production during peak commodity prices, or treating employees like dirt is what earned Sult a lucrative compensation package.
Tillman should act like a leader and take a $1 salary like these CEOs.
http://www.usatoday.com/story/money/markets/2016/05/01/1-year-9-absolutely-lowest-paid-ceos/83620822/
That would go a long way toward being a "premier" fracking company.
Yes, finding oil and gas is hard, but instead of holding onto assets and investing in exploration, Marathon takes the easy road and sells assets and jettisons the workforce that will hopefully add needed reserves.
Sult may gloat about being "cash flow neutral" and having strong liquidity but this is no help if the resources and reserves do not exist to continue operating. Lots of skilled engineers and managers out of work that will find work either in another oil company or move to another industry. They are not going to be available when it comes time to ramp up production. Contract labor will also be tight - it will either be too expensive or the skill sets will not meet the job requirements.
If you haven't realized it yet........ You are an expense to be managed.... As far as these idiots are concerned. BTW... We have a serious problem ACTUALLY finding oil and gas anywhere in the world. Or at least, that is what the past 10 years tells us.
He could have saved 20 senior employees -- you know, the type who can actually find oil and gas -- and still have taken home $7 MM to the trophy wife. How sad.
Shareholders not happy with this. With all the layoffs this is a disgrace!