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Qui parle de cynisme ces jours-ci? 100 millions, c'est ce qu'obtiendra Eugene Isenberg. Un contrat bien négocié...
"According to an April SEC filing, Isenberg is contractually entitled to a $100 million payment in the event that he is fired or that the firm otherwise makes a change in control.
Isenberg, or presumably his estate, would have been paid the money even in the event of his death.
News of the payout was first reported by the Wall Street Journal.
Brian Uhlmer, senior oil service analyst at Global Hunter Securities, called Isenberg's payout "obviously a negative for shareholders."
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"The man obviously doesn't need the money and he's already been compensated for all of the work that he's done there," Uhlmer said.
"This is an unnecessary expense in my mind, but there's no way around it," Uhlmer added. "The board was not going to be able to push him out of the position without the payment."
In a non-binding vote at the Nabors annual meeting earlier this year, 57% of shareholders who voted came out against the compensation packages for Nabors executives, according to a June SEC filing.
Isenberg took over Nabors as it emerged from bankruptcy in 1987 and showed "extraordinary leadership" in leading it to profitability, the firm said in a statement Friday, though it did not offer a reason for his departure."
http://money.cnn.com/2011/10/31/news/companies/nabors_ceo_bonus/
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