People | General News | Bankruptcy / Restructure Update | Financial Trouble | Capital Markets | Corporate Greed
Corporate Greed: Whiting Execs Award Themselves $15MM in Cash Bonuses Prior to Ch. 11 Filing
Email
Print 
Bookmark
Whiting Petroleum Corp.'s board handed its top executives $14.6 million in cash bonuses in the days leading up to the company's bankruptcy filing.
The bonuses, to be paid immediately, were distributed to five of Whiting's lead executives as follows:
- CEO Brad Holly received $6.4 million
- CFO Correne Loeffler received $2.2 million
- COO Charles Rimer received $2.9 million
- CSO Timothy Sulser received $1.05 million
- CAO Bruce DeBoer received $2.05 million
Whiting filed for bankruptcy on Wednesday, April 1, 2020 after maxing out its $650 million credit facility.
Related Categories :
Corporate Greed
More Corporate Greed News
-
Corporate Greed: Noble Corp To Pay Exec Bonus Ahead of Bankruptcy Filing
-
Corporate Greed: Extraction Execs Scores Millions in Bonuses Ahead of Bankruptcy Filing
-
Corporate Greed: Chesapeake to Dole Out $25MM to Top Executives
-
Corporate Greed: Chaparral Energy Awards Execs Millions in Bonuses -
-
Near Bankrupt California Resources Adopts Generous Exit Package for CEO
Rockies News >>>
-
Oilfield Service Report : 11 New Leads/Company Formation & Contacts
-
Civitas Provides Update on Current Rigs & Frac Crews -
-
IOG forms Partnership with PE-Firm First Reverse To Fund DrillCo's -
-
Top Oilfield Company Retire Rigs & Cut Frac Horsepower Expecting Soft 2025 Market
-
Contrary to the Noise from Top Service Companies; Activity to Slow For Remainder 2024 -
Williston Basin News >>>
-
Shale Experts Frac Maket Forecast 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
-
Chevron To Cut D&C Activity in U.S. Shale In 2024; Here is Where. -
-
An Early Look at Company 2024 Capital & Development Plans
