Category: Corporate governance

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 »

Chesapeake names interim CEO

Chesapeake Energy Corp. picked Chief Operating Officer Steven C. Dixon to be interim chief executive as co-founder Aubrey K. McClendon steps down from the natural gas explorer he led for almost a quarter century.  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 »

Hercules wins ruling in ‘say on pay’ lawsuit

A judge said the suit was based on “flawed premises.”  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 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 »

Hess announces new director slate amid investor pressure

As the battle has unfolded in recent weeks, Hess shares have risen and shareholders could reap even more benefits as the dispute continues.  More »

Houston execs set to energize Hess in proxy fight

Two of the five replacement directors proposed in the Hess proxy fight are from Houston energy companies:  More »

Failure seems to pay for ATP execs

Wednesday’s column, available on houstonchronicle.com: What’s the price of failure? If you’re an executive at ATP Oil & Gas, it’s about five times the price of success. The bankrupt Houston company at the end of last year awarded hundreds of thousands of dollars in bonuses to top executives – members of the same management team  Read More  More »

Chesapeake CEO leaves mixed legacy

McClendon may define the company’s past, but he also laid the foundation for its future.  More »

Icahn nabs Transocean stake after Macondo settlement

Icahn typically invests in undervalued companies and uses his stake to force changes in management or corporate governance.  More »

Steffy: Chesapeake gives shareholders more say, CEO less pay

The board of Chesapeake Energy offered a stinging referendum on the leadership of chief executive Aubrey McClendon, embracing sweeping governance changes and slashing executive and director pay.  More »