{"id":57969,"date":"2015-07-07T13:57:07","date_gmt":"2015-07-07T19:57:07","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=57969"},"modified":"2015-07-07T13:57:07","modified_gmt":"2015-07-07T19:57:07","slug":"well-they-are-doing-it-again","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2015\/07\/07\/well-they-are-doing-it-again\/","title":{"rendered":"Well, they are doing it again\u2026"},"content":{"rendered":"<p>&#160;<\/p>\n<p>Latest from the WSJ\u2026<a href=\"http:\/\/graphics.wsj.com\/ceopay-2015\/\" target=\"_blank\">on CEO pay<\/a><\/p>\n<p>Selectively I picked the oil and <strong class='StrictlyAutoTagBold'>gas<\/strong> group as I have way too much holding in that group as far as investments\u2026 didn\u2019t sell enough when I should have but \u2026. oh well\u2026 <\/p>\n<p>Two in particular stick out to me\u2026comparable service <strong class='StrictlyAutoTagBold'>company<\/strong> CEO\u2019s\u2026 <strong class='StrictlyAutoTagBold'>one<\/strong> <strong class='StrictlyAutoTagBold'>stock<\/strong> only went down 3.6% but the <strong class='StrictlyAutoTagBold'>CEO<\/strong> <strong class='StrictlyAutoTagBold'>pay<\/strong> dropped 18.9%\u2026 the other the <strong class='StrictlyAutoTagBold'>stock<\/strong> dropped by 21.6% and he only lost 1.5% in pay?&#160; <\/p>\n<p>Who is getting paid for performance here?&#160; <\/p>\n<table class=\"mce-item-table\" style=\"font-family: ; white-space: normal; border-collapse: separate; text-transform: none; word-spacing: 0px; color: ; widows: 1; letter-spacing: normal; line-height: 21px; text-indent: 0px; -webkit-text-stroke-width: 0px\" data-mce-selected=\"1\">\n<tbody style=\"line-height: 13.188pt\">\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">57<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Lesar, David J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Halliburton<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">-21.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">$20.6 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">-1.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">78<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Kibsgaard, Paal<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Schlumberger<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">-3.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">$18.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">-18.9%<\/font><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>But in comparison to the total of the oil and <strong class='StrictlyAutoTagBold'>gas<\/strong> industry big shot?&#160; <\/p>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; text-transform: none; word-spacing: 0px; color: ; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; widows: 1; letter-spacing: normal; line-height: 21px; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px\">\n<h1 style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 19px 0px 9px; line-height: 13.104pt; padding-right: 0px; border-top-width: 0px\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 12.6pt\" color=\"#383838\">CEO Pay vs. Performance<\/font><\/h1>\n<\/p><\/div>\n<h2 style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; text-transform: none; word-spacing: 0px; color: ; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 28px 0px 14px; widows: 1; letter-spacing: normal; line-height: 18.727pt; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 15.4pt\" color=\"#383838\">Executive compensation is increasingly geared toward results, but some CEOs still got big paydays even when their investors didn\u2019t do so well.<\/font><\/h2>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; text-transform: none; word-spacing: 0px; color: ; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; widows: 1; letter-spacing: normal; line-height: 21px; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Published June 24, 2015<\/font><\/div>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; text-transform: none; word-spacing: 0px; color: ; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; widows: 1; letter-spacing: normal; line-height: 21px; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\"><span style=\"line-height: 13.188pt\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">Search<\/font><\/span><\/div>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\"><span style=\"line-height: 13.188pt\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">View by Group<\/font><\/span><\/div>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\"><span style=\"line-height: 13.188pt\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#383838\">View by Industry<\/font><\/span><\/div>\n<div style=\"border-left-width: 0px; font-family: ; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 13.188pt; padding-right: 0px; border-top-width: 0px\">\n<table class=\"mce-item-table\" style=\"border-collapse: separate; word-spacing: normal; line-height: 13.188pt\">\n<thead style=\"line-height: 13.188pt\">\n<tr style=\"line-height: 13.188pt\">\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">2014 Pay Rank<\/font><\/th>\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">CEO<\/font><\/th>\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">Company<\/font><\/th>\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">Shareholder Return<\/font><\/th>\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">Total Pay<\/font><\/th>\n<th style=\"border-top-style: none; border-left-style: none; vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; border-right-style: none; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\" color=\"#000000\">One-Year Change in Pay<\/font><\/th>\n<\/tr>\n<\/thead>\n<tbody style=\"line-height: 13.188pt\">\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">12<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Tillerson, Rex W.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">ExxonMobil<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-6.1%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$33.1 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+17.6%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">25<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Lance, Ryan M.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">ConocoPhillips<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+1.5%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$27.6 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+17.7%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">29<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Watson, John S.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Chevron<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-7.0%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$26.0 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+8.1%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">34<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Garland, Greg C.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Phillips 66<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-4.8%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$24.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+23.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">44<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Hess, John B.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Hess<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-10.0%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$22.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+39.0%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">50<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Richels, John<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Devon Energy<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+0.4%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$21.6 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+210.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">54<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Goff, Gregory J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Tesoro<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+29.4%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$20.9 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+58.3%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">55<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Walker, R. A.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Anadarko Petroleum<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+5.1%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$20.7 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+22.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">57<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Lesar, David J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Halliburton<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-21.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$20.6 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-1.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">78<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Kibsgaard, Paal<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Schlumberger<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-3.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$18.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-18.9%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">96<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Heminger, Gary R.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Marathon Petroleum<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+0.4%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$16.4 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+33.6%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">100<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Gorder, Joseph W.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Valero Energy<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+0.2%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$16.1 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">&#8212;<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">117<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Duroc-Danner, Bernard J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Weatherford<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-26.1%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$14.9 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+13.4%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">125<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Craighead, Martin S.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Baker Hughes<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+2.5%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$14.7 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+63.6%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">127<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Lawler, Robert D. (Doug)<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Chesapeake Energy<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-22.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$14.7 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">&#8212;<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">136<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Newman, Steven L.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Transocean<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-59.9%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$14.2 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+2.2%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">187<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Tillman, Lee M.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Marathon Oil<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-18.0%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$11.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">&#8212;<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">199<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Williams, Clay C.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">National Oilwell Varco<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-6.6%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$10.9 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">&#8212;<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">203<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Thomas, William R.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">EOG Resources<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+10.3%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$10.5 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">&#8212;<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">206<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Moore, Jack B.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Cameron International<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-16.1%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$10.3 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+14.7%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">207<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Farris, G. Steven<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Apache<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-26.3%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$10.2 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-9.0%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">237<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Jennings, Michael C.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">HollyFrontier<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-19.2%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$8.8 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-15.1%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">259<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Stevens, Jeff A.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Western Refining<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-4.1%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$7.3 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+101.1%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">264<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Chazen, Stephen I.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Occidental Petroleum<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-9.2%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$6.8 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-1.4%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">284<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Nimbley, Thomas J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">PBF Energy<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-11.4%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$4.7 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+23.9%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">286<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Lipinski, John J.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">CVR Energy<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-0.9%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$3.9 Million<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">-70.5%<\/font><\/td>\n<\/tr>\n<tr style=\"line-height: 13.188pt\">\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">300<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Kinder, Richard D.<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">Kinder Morgan<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+23.3%<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">$1<\/font><\/td>\n<td style=\"vertical-align: top; border-bottom-style: none; padding-bottom: 2px; padding-top: 2px; padding-left: 0px; line-height: 13.188pt; padding-right: 27px; background-color: transparent\" align=\"left\"><font face=\"Helvetica\"><\/font><font style=\"font-size: 8.4pt\">+0.0%<\/font><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#160;<\/p>\n<p>Latest from the WSJ\u2026on CEO pay<\/p>\n<p>Selectively I picked the oil and gas group as I have way too much holding in that group as far as investments\u2026 didn\u2019t sell enough when I should have but \u2026. oh well\u2026 <\/p>\n<p>Two in particular stick out to me\u2026comparable service company CEO\u2019s\u2026 one stock only went down 3.6% but the CEO pay dropped 18.9%\u2026 the other the stock dropped by 21.6% and he only lost 1.5% in pay?&#160; <\/p>\n<p>Who is getting paid for performance here?&#160; <\/p>\n<p> 57 Lesar, David J. Halliburton -21.6% $20.6 Million -1.5% 78 Kibsgaard, Paal Schlumberger -3.6% $18.5 Million -18.9% <\/p>\n<p>But in comparison to the total of the oil and gas industry big shot?&#160; <\/p>\n<p> CEO Pay vs. Performance <\/p>\n<p> Executive compensation <\/p>\n<p><a href=\"https:\/\/www.ishmaels.net\/blog\/2015\/07\/07\/well-they-are-doing-it-again\/\">&#8220;And Now the Rest of the Story &#8211; &#8220;Well, they are doing it again\u2026<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-57969","post","type-post","status-publish","format-standard","hentry","category-uncategorized","odd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Well, they are doing it again\u2026 - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2015\/07\/07\/well-they-are-doing-it-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Well, they are doing it again\u2026 - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"&#160; Latest from the WSJ\u2026on CEO pay Selectively I picked the oil and gas group as I have way too much holding in that group as far as investments\u2026 didn\u2019t sell enough when I should have but \u2026. oh well\u2026 Two in particular stick out to me\u2026comparable service company CEO\u2019s\u2026 one stock only went down 3.6% but the CEO pay dropped 18.9%\u2026 the other the stock dropped by 21.6% and he only lost 1.5% in pay?&#160; Who is getting paid for performance here?&#160; 57 Lesar, David J. 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 who is worth that much ?","author":"wd0ajg","date":"March 12, 2015","format":false,"excerpt":"I am sure he is a great guy and all but I doubt that he is worth all that? and on another point\u2026 the board?\u00a0 generally all boards are pretty much run by the CEO, so in other words he gave himself a raise and none of the board members\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61366,"url":"https:\/\/www.ishmaels.net\/blog\/2018\/03\/08\/is-it-any-wonder-we-have-a-problem-here\/","url_meta":{"origin":57969,"position":1},"title":"Is it any wonder we have a problem here?","author":"wd0ajg","date":"March 8, 2018","format":false,"excerpt":"A new study shows that the more you pay a CEO, the worse he does. No kidding. Forbes: Across the board, the more CEOs get paid, the worse their companies do over the next three years, according to extensive new research. This is true whether they\u2019re CEOs at the highest\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1468,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/08\/10\/consider-these-stats-on-ceo-pay\/","url_meta":{"origin":57969,"position":2},"title":"Consider these stats on CEO pay","author":"wd0ajg","date":"August 10, 2010","format":false,"excerpt":"IT was a snowball thing. Saw something on CEO pay, then something else, then had to do a search and BOY!... I knew it was rotten but not that rotten. No matter what anyone says, including CEO's, they are not worth that much... See figure two below, it is very\u2026","rel":"","context":"In &quot;Idiots&quot;","block_context":{"text":"Idiots","link":"https:\/\/www.ishmaels.net\/blog\/category\/idiots\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/08\/snap20060621.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/08\/snap20060621.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/08\/snap20060621.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":8888,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/11\/30\/todays-corporate-managers-are-not-leaders\/","url_meta":{"origin":57969,"position":3},"title":"\u201cTodays corporate Managers are not Leaders!\u201d","author":"wd0ajg","date":"November 30, 2011","format":false,"excerpt":"I have posted on this before, that our corporate management, as has a lot of politicians, have all become so narrowly focused on their own good as opposed to the greater good.\u00a0 I have no problem of paying for production and improvement.\u00a0 However, looking over what most CEO\u2019s get paid\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13487,"url":"https:\/\/www.ishmaels.net\/blog\/2013\/03\/15\/short-rules-to-investing\/","url_meta":{"origin":57969,"position":4},"title":"Short rules to investing","author":"wd0ajg","date":"March 15, 2013","format":false,"excerpt":"Keep these guidelines handy\u2026 They##Q##re essential to valuing a stock\u2026 1. 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