04-15-2016, 05:53 AM
'2126' pid='68230' datel Wrote:
- MH is not on the BOD;
- His compensation is based on his contract from 7/2013;
- Oil prices were over $100/bbl in July 2013;
- No one complained about MH's compensation when he was hired;
- MH's annual compensation is in line with other CEOs in the O/G industry (Woodside CEO Coleman made $8.45 million in 2014)
- MH's purchase of IOC stock is regulated by the IOC Insider trading policy and is not subject to his personal desires to buy shares or not;
- The IOC insider trading policy was enacted by the IOC BOD on which MH has no vote whatsoever.
When he was hired he made less than 2 million.