Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

People | Corporate Greed

Near Bankrupt California Resources Adopts Generous Exit Package for CEO

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,March 25,2020

The almost bankrupt California Resources has adopted a new compensation package for its CEO.  The new program calls for a payment of 2x the salary and bonus if the CEO is fired without cause.

One would think the compensation committe would be busy trying to ensure shareholders are protected but instead, seemed fixacted on protecting the ceo.   The company is heading for bankruptcy for sure with its massive debt load and its ridicilious spending over the last few years.


Source : CRC

US Frac Crews Tracking


Related Categories :

Corporate Greed   

More    Corporate Greed News

West Coast News >>>