Nabors Industries (NBR +1.6%) shareholders approve a proposal that could give them more power to...

|About: Nabors Industries Ltd. (NBR)|By:, SA News Editor

Nabors Industries (NBR +1.6%) shareholders approve a proposal that could give them more power to oust the oil driller's directors, the first time a proxy access resolution has passed at a major company. NBR stirred an outcry last year with news its chairman would get $100M in cash for relinquishing his CEO title even though he wasn't leaving the company.