My mistake Katy about MH! Thanks for pointing that out. I corrected the original post and also my comment that he did not have a vote on the BOD.
(04-15-2016, 06:02 AM)katytrader Wrote:
(04-15-2016, 05:42 AM)2126 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.
2126, your posts should be helpful for those who don't take time to read website or IOC documents. You should note though that Hession has been a director since November 15, 2013. It might also be noted that Mulacek had a BoD of eight members, including himself (and his brother-in-law.....lol.)