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As part of giving up the CEO post at Nabors (NBR), Eugene Isenberg is getting $100M cash - more...

As part of giving up the CEO post at Nabors (NBR), Eugene Isenberg is getting $100M cash - more than the company's Q3 net income. The unusual clause isn't quite severance, since he's staying on as chairman, but it is one of the biggest executive payouts in years. NBR +1.4% premarket.
Comments (1)
  • zingera
    , contributor
    Comment (1) | Send Message
     
    OBSCENE. No individual on this planet is worth that much while working let alone when leaving. Another example of the inequity in the Corporate States of America.
    30 Nov 2011, 08:58 PM Reply Like
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