RL gets over $100 million cash if COP gets sold. Link to public company report below:

CEO gets $100 million, EVPs get $15-40 million each. Not making this up... it's on the company's website. Look at the 2016 Proxy statement in the investor / company reports section. The entire second half of this 110 page report is dedicated to executive compensation. Worth reading as an employee, or investor. The top 5 positions in our company make over 50 million per year, combined. How many regular staff would that fund? Did we even make 50 million last year? Something about this speaks to the underlying problem with COP. It's time for a change. Please, if you have the time, read this report and share your thoughts. Executive compensation starts on page 42 (the answer to everything).

http://www.conocophillips.com/Documents/ConocoPhillips_2016ProxyStatment.pdf

Comment! It's anonymous!

4 replies (most recent on top)

Although the "golden handshake" is excessive, it is relatively small to multi-billion dollar corporate buyout. It is also small relative to the value destruction. Board of Directors need to evaluate all possibilities, including removal of ELT or sale of company, to restore value to shareholders.

Executive compensation has been over the top for a few decades now. Without a doubt it needs to change.

It looks like the Board of Directors, in responding to major shareholders, want ConocoPhillips sold.

Absolutely ridiculous.

Thread regarding ConocoPhillips layoffs

RL gets over $100 million cash if COP gets sold. Link to public company report below:

4 replies (most recent on top)

Post a reply