Another Fat Cat Payoff at Hunting

On 7th April, Hunting announced the retirement of CEO Dennis Proctor: This follows a very difficult period for the company and its shareholders, as it suffers from sharp cutbacks in CAPEX by the oil & gas industry. I was shocked to read this today: A payment of US$1,688,350 will shortly be made to Mr Proctor which includes US$785,600 related to his service contract obligations with the balance reflecting a settlement in connection with the cessation of employment.   (in addition to which Proctor retains ...
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