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Nabors Industries Ltd. Message Board

  • marksaff33 marksaff33 Oct 31, 2011 11:52 PM Flag

    Isenberg Does Little to Debunk Jewish Stereotype

    He's a poster boy for greed. And if you're wondering why the Board of Directors granted him such a ridiculous contract, just take a look at how much the Board itself is compensated. Isenberg, Petrello, and the Board get the big bucks. All other employees get peanuts. That's probably why the CFO and VP of Legal resigned en masse a couple years ago.

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    • The Marketwatch article shows Isenberg pulled in $109 million in compensation over the past 3 years. I noticed the top financial people at Nabors don't even make $500,000 a year TOTAL compensation. Isenberg hogs all the money he can for himself.

    • Number one spot for corporate greed for 2011, per the following article...

      "1. Howdy, Nabors! Nabors Industries is a mid-sized energy exploration and production company. But when it comes to executive compensation, it's a titan. Long-serving CEO, Eugene Isenberg has long been a compensation champ. Use by company executives of private jets was covered by Mark Maremont in the Wall Street Journal in June and has led to an SEC investigation. On a Friday night in late October, Nabors disclosed that Isenberg, who had been CEO since 1987, was stepping down and would be replaced. The punch line Nabors announced it "intends to record a $100 million contingent liability, to be reflected in its fourth-quarter results and year-end financial statements, in light of provisions in Mr. Isenberg's employment agreement." Most employees are pleased if they can their long-time employer with an intact pension and a gold watch. Isenberg left with $100 million. That nice round sum, combined with the company's long history of excessive compensation and the weasel-like decision to push the release out on a Friday night lands Nabors in the top spot for 2011."

      Was that Friday 12/30/2011?

      http://finance.yahoo.com/blogs/daily-ticker/2011-executive-compensation-highlights-lowlights-080951787.html

      IMO, sell and short this shyster! and another 5 stars for marksaff!!!

      BTW, Happy-New-Year and the best of luck for 2012!

    • I thought the SEC was going to impose provisions that shareholders would get to vote on company officer and Board members compensation? I guess that never came to pass.

    • He's a poster boy for greed. And if you're wondering why the Board of Directors granted him such a ridiculous contract, just take a look at how much the Board itself is compensated. Isenberg, Petrello, and the Board get the big bucks. All other employees get peanuts. That's probably why the CFO and VP of Legal resigned en masse a couple years ago.


      Whats there to debunk? It`s not a stereotype if it`s the TRUTH. In this particular case it`s the Absolute Truth. JThe Fews are Greedy, Unscrupulous, Money Hungry Leeches. They don`t even try to defend themselves against the Stereotype because it`s true and To The Fews it`s nothing to be ashamed of.

    • yes and ken lay, dennis koslowski, bernie ebbers, rigas family, donald trump and on and on do little to debunk the christian sterotype...

    • iamahunkinaworldfulloffeces iamahunkinaworldfulloffeces Nov 13, 2011 4:54 PM Flag

      i agree,hes a total jewchebage. A 100 M to move a chair from one office to another. They should take over www.hyduke.com and pay a premium for them and it would only cost 25 m. They could use Hyduke to build and design their rig fleets since they deal with them anyways. The acquisition would cost 25 m and add about 150 M toi market cap. Good for all shareholders instead of the scumbag jewshbag only profitting!!!!

    • He's a poster boy for greed. And if you're wondering why the Board of Directors granted him such a ridiculous contract, just take a look at how much the Board itself is compensated. Isenberg, Petrello, and the Board get the big bucks. All other employees get peanuts. That's probably why the CFO and VP of Legal resigned en masse a couple years ago.


      This is not an isolated problem with NBR. This is Country Wide. Gee I wonder if this may be what they are Protesting about WOROLD WIDE.

    • Correct. Unforgivable greed is what at central of all America's economic ills and protests.

      If it's a private company, then it's immoral! If it's a public company, then it should be illegal. Shareholders should be afforded some rights to stop this outrage.

 
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