SandRidge (SD) CEO Tom Ward is not the first energy boss to live large at shareholders’ expense...

|About: SandRidge Energy, Inc. (SD)|By:, SA News Editor

SandRidge (SD) CEO Tom Ward is not the first energy boss to live large at shareholders’ expense (see Aubrey McClendon), but his extravagance would make J.R. Ewing blush and angry owners are right to want him out, Chris Swann writes. Ward has drawn $150M in payments since SD’s 2007 IPO; annual G&A expenses approach 8% of SD's market cap, and only Chesapeake comes close at 5%.