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I'm 100% OK with insanely high executive pay if the executives deliver and perform. Mulva delivered and performed for the bulk of his term, although he made some bad mistakes in the last 4-5 years (Burlington purchase, company slit, etc).

Even then, due to some of his successes, his pay and golden parachute could be justified. However, the current executive team has done absolutely nothing to prove that they deserve their pay. Maybe the board knows something and maybe they will deliver in the next 1-2 years. However, these sky high compensations can in no way be currently justified given the performance of the company since the split.

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Mulva was a f---ing idiot !!!

Oops. A bit of a run on in that last post. Alaska and Tasco were both JM deals, but seperate from Burlington. Got a little excited - not to mention that he moved HQ to Houston.

I wouldn't bash Mulva. Yes we may have paid a premium for Burlington, but without it - there's no Bakken, no Eagleford, no Arco Alaska, SJ cut in half, no Barnett, no Tasco. He helped us acquire a great set of assets, it's not his fault the leaders can't make it work. I'd take JM over RL any day. Plus I don't think we'd have the bloated staffs that we have across the business, if we're at the helm.

The purchase of Burlington was a major screw up by jimmy mulva and the bod. They purchased them at an all time high for nat gas. Let's not forget the 800m refinery purchase in Germany that turned to crap and had to be sold off at a big loss. He is also the one responsible for the bloated employee count. I.e. Hr,hse,finance and managers that can't make decisions.

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