Loren Steffy

Loren Steffy

Loren Steffy is the business columnist for the Houston Chronicle. His column appears in on Wednesdays, Fridays and Sundays. He is also the author of "Drowning in Oil: BP and the Reckless Pursuit of Profit," and "The Man Who Thought Like a Ship."

Offshore safety still isn’t making the grade

  Friday’s column, available on houstonchronicle.com: Offshore drilling safety still isn’t making the grade. Saturday marks the third anniversary of the worst offshore oil disaster in U.S. history, and many of the improvements that have been made continue to focus on response to disaster than on prevention. For far too long, offshore safety has been […]  More »

Unable to find a CEO, Chesapeake resorts to stop-gap leadership move

When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news.  More »

Chesapeake resorts to stop-gap leadership move

Programming note: I’m taking a little time off, so the blog is likely to be rather quiet for the next week and a half. Wednesday’s column, available on houstonchronicle.com: When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news. That’s the timing Chesapeake Energy chose to tell investors it […]  More »

Safety shortcomings sting Chevron CEO in wallet

For the first time since 2010′s Deepwater Horizon disaster, we see the board of a major oil company holding executives accountable for safety.  More »

Ethanol law has become a mandate to nowhere

The problem with the ethanol mandate: It was a policy for a different era.  More »

Steffy: Ethanol law has become a mandate to nowhere

We’re squabbling about legislation that clearly hasn’t worked.  More »

Accountants be warned: felonies are forever

For anyone who thinks that following orders or being a team player offers any legal protection, Sharkey’s story is a wakeup call. The line between loyalty and criminality can be thinner than many employees realize.  More »

Steffy: Accountants warned that felonies are forever

As Helen Sharkey stepped to the lectern, it became clear what she was about to say would be no ordinary accounting lecture.  More »

Deregulation is working against clean coal in Texas

Summit’s project is promising, but it remains a subsidized laboratory, not a viable solution to our generating problems.  More »

Nabors raises the bar — again — on rewarding failure

If there’s really a commitment to aligning executive interests with those of shareholders, everyone, including Petrello, should have been in agreement.  More »

Nabors pays exec $60 million now to pay him less later

At this point, what’s another $60 million? Perhaps that’s what the board of Nabors Industries was thinking when it decided to pay chief executive Anthony Petrello $60 million to give up future bonuses. Nabors has a long and egregious history of overpaying its executives while its shareholders suffer, and the latest deal is just more of the same.  More »

Nabors pays exec $60 mln now to pay him less later

After years of paying for failure, Nabors investors are once again being forced to pony up, in hopes that they won’t ever have to again.  More »
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