atans1

Noble co-CEO paid US$20m in 2017 despite record US$5bn loss

In Corporate governance on 06/03/2018 at 5:57 am

The departing CEO ran the oil and gas businesses at Noble. The amount included a US$5m loan that was forgiven. But to be fair to him and Noble, the banks insisted that he to remain until the biz was sold. This cost US$12m.

US$20m was more than what the rest of Noble’s executive directors received combined last year and is $5m more than what perpetual bondholders stand to receive under a proposed debt-for-equity swap

But that isn’t all, the founder’s daughter and son were employees and received “remuneration within the bands of S$150,000 to S$200,000, and S$50,000 to S$100,000 respectively” in 2017.

 

  1. I thought LTK was talking about GST increase and use of government reserves; why does GMS talk about imperialism and chinese history? in any case, if he wants to get organized for the next election, he need to talk about welfare for singaporeans instead; like, Kevlyn Lim crying over the plight of single mothers at election rally, a few months later government changed rules to allow some maternal benefits for single mothers; that’s more than CSJ, LTK, GMS did ever to help single mothers

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