Category: Oil and Coal

Phony Auctions Reward Peabody Energy

Peabody Energy Company paid their CEO $10,217,593 total compensation* in 2011. He was worth every penny and more. Gregory H. Boyce has positioned his St. Louis, Mo. company to be the sole bidder at a so-called auction to mine 721…

Oil Rig CEO Charged with Bribery

Swiss oil services company Noble, with offices in Sugar Land, Texas, paid $8.1 million in 2010 to settle U.S. charges of corruption. Noble cooperated with the government to uncover the bribery of Nigerian officials. The SEC filed charges against the…

$100 Million Payday for Retiring CEO

Oct. 31, 2011 – Nabors Industries, a company which provides contract drilling services headquartered in Bermuda, is parting ways with longtime chief executive Eugene Isenberg. As Isenberg leaves, he “is contractually entitled to a $100 million payment in the event…