The 81-year-old Isenberg will be replaced as CEO of the oil and gas drilling firm by Nabors (NBR) President Anthony Petrello but will remain as the firm's chairman of the board.
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Tuesday, November 01, 2011
$100 Million Payout For Retiring CEO
NEW YORK (CNNMoney) -- Nabors Industries CEO Eugene Isenberg is stepping down, and he's taking $100 million with him.
The 81-year-old Isenberg will be replaced as CEO of the oil and gas drilling firm by Nabors (NBR) President Anthony Petrello but will remain as the firm's chairman of the board.
The 81-year-old Isenberg will be replaced as CEO of the oil and gas drilling firm by Nabors (NBR) President Anthony Petrello but will remain as the firm's chairman of the board.
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3 comments:
What does he think? He's in the NBA or NFL? Greed is whats killing this country.
So tell me again why the Occupy Wall Street people have it wrong? 100 MILLION DOLLARS?! Thats his RETIREMENT package! What do you think his active benfits, stock options, salary, deferred compensation, etc was? But I wonder what his EMPLOYEES health plan looked like....and THEIR 401(k) plans, that is if there is still any money in them. Don't confuse capitalism with stone cold greed.....or try to defend the undefendable.
This is the United States of America.
Prosperity is a good thing.
This kind of thing should be celebrated no condemned.
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