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SandRidge Energy (SD +5.5%) shares are strong as TPG-Axon, agitating for changes at the company...

  • Thursday, December 6, 2012, 3:30 PM ET
    SandRidge Energy (SD +5.5%) shares are strong as TPG-Axon, agitating for changes at the company including the ouster of CEO Tom Ward, launches a website providing detailed information regarding how SD shareholders may cast their votes in favor of the hedge fund’s proposals.
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This news story has 4 comments:

  • I wish them luck. When the CEO of SandRidge makes more than the CEO of Chevron and the board of SandRidge makes more than the board at Exxon-Mobil, there is something very wrong. Tone deaf management will fight TPG-Axon with every means possible.
    6 Dec 2012, 07:57 PM Reply Like
  • Agree, need to vote for CEO and managment to be thrown out
    6 Dec 2012, 08:11 PM Reply Like
  • Which is exactly what TGP is trying to do. Take a look at the website, it is actually pretty well put together and simply the facts left for you to browse.
    7 Dec 2012, 12:00 PM Reply Like
  • It is my understanding that Tom Ward invested approximately 500 million of his own money to start Sandridge. Wonder how many of those CEO's at Chevron and Exxon-Mobil can say the same thing? Sure I agree Tom has compensated himself richly, but I'm not sure it's time to throw out the baby with the bathwater. I think Sandridge (SD) could benefit from a shake-up similar to what recently has happened to CHK's Chairman and BOD, but think getting rid of Tom Ward would not be in the best interest of SD or it's share holders.
    7 Dec 2012, 05:27 PM Reply Like
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