Phil's actions are BULLISH

[jft310]

He wants to cut back compensation and eliminate an incentive to sell the company

Further Phil has a formula for selling the company which has some guarantees for a selling price

All the above is in shareholder best interest..

Management needs incentives to raise the stock price with value creation.

We need some changes.

[CAC]

Isn't everything, JFT?

[steve3752]

Wow.  The times are a changin when JFT says change is needed.

Shocking.

[ebster123]

JFT, your comments seem to be in favor of PM's actions. Is your wording of "BULLISH" a typo with your meaning being "BULLYISH" or do you mean it is BULL LIKE in support? Sorry I have to ask but your points are often on both sides of the argument. If you meant BULL LIKE I agree and glad someone has the fortitude and position to push for such a change. It is about time a big said and is doing something.

[jft310]

We agree and I call it the way I see it without favorites . Hession got us a great deal up front , , BUT How can a CEO think he deserves $37 m for selling the company on the oil price bottom and set himself up to be CEO of a merged company with that higher pay level , source Australian Financial Review I posted on this board .
Why can the Board not change the incentives for execs when oil prices collapse ???
The execs did nothing to earn stock at these prices ,
A minimum floor on a selling price with our assets level makes sense like Phil stated .
There is not a single Interoil shareholder who should not support Phil ,
Phil wants several board seats to insure the company incentivizes execs after shareholders .
Who would not agree with that . Phil does not want to be CEO again .
Hession Can stay but he needs to align his package with shareholders . If he refuses that's his call but a smart man would stay and build a world class company ,
I encourage everyone to work with Phil ,

[katytrader]

We agree and I call it the way I see it without favorites . Hession got us a great deal up front , , BUT How can a CEO think he deserves $37 m for selling the company on the oil price bottom and set himself up to be CEO of a merged company with that higher pay level , source Australian Financial Review I posted on this board . Why can the Board not change the incentives for execs when oil prices collapse ??? The execs did nothing to earn stock at these prices , A minimum floor on a selling price with our assets level makes sense like Phil stated . There is not a single Interoil shareholder who should not support Phil , Phil wants several board seats to insure the company incentivizes execs after shareholders . Who would not agree with that . Phil does not want to be CEO again . Hession Can stay but he needs to align his package with shareholders . If he refuses that's his call but a smart man would stay and build a world class company , I encourage everyone to work with Phil ,

Was this your April Fool's Day post?

[sageo]

Wow.  The times are a changin when JFT says change is needed.

Shocking.

Steve - May I lump my response to you and Ebster together ? I hope that's okay.

WOW ...I can't believe Jft's recent posts !! I'm going to find me a pretty nurse to take my temperature ! Maybe I'm just delirious, but I am agreeing with his thinking about how we can finally move our "soap opera" (as one of our sharp bms stated recently) forward. GLTALs. Ps - "Great day in the morning,what's this world comin" to" ,,,,,another smile !

[Thylacine-2]

The only item in PM's list I have a problem with is the one concerning the sale of any asset whose value is 10% of that of the company or greater requiring a vote of the shareholders. I don't have that much confidence in the shareholders, and it would be hard to negotiate deals when they are contingent on a shareholder vote. Although I lost a lot of confidence in Hession when he brought the football coach in as a consultant. Weird is weird.

[jft310]

I agree with Thy . Phil is mad they sold the refinery , and the rigs etc .
Phil dreamed of a vertical monopoly no cigar on that one .

[AU74]

Now if JFT would just stop inserting that extra space he types before every comma and period, all would be right with the world.