- Chesapeake Energy said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated.
- The move comes even as the company prepares to file for bankruptcy protection to tackle its nearly $9 billion debt pile.
Chesapeake to prepay $25 million in incentive compensation to top execs for "motivation"
- Thread starter FrankNmac
- Start Date
They should motivate those #&☆~♧×< out the door!
Motivation my ass. More like a payout "while the paying is good" to me.
This is flat out disgraceful. Like the top level execs don’t have enough money as it is.
There, FIFY.
Oh man the top brass never hurt. I remember the company I worked for got bought out by HP back in late 2000s. In 2009 those bastards cut our pay 3 times that year. But they talked about how the Executives would take a larger pay cut of 20% the joke was it was just on their base pay. All their money came from bonus and stock options. Mark Hurd the turd made 53 million in 2008 but in 2009 only made 49 million. Poor guy I was so worried his wife would leave him over being a poor. Then he did get fired a year or two later because he was too cheap to pay 16 grand for his mistress to fly around and bang him. Instead he tried to write it off as an expense. In 2009 he wrote off 250k in meals. WTF???
Follow that up with new HP Ceo Léo Apotheker that dude didn't last a damn year and got a 13 million dollar golden parachute for screwing sh#t up for 10 months.
Follow that up with new HP Ceo Léo Apotheker that dude didn't last a damn year and got a 13 million dollar golden parachute for screwing sh#t up for 10 months.
