Friday, November 11, 2011

Nabors Industries the subject of an SEC probe concerning executive perks

I have previously posted on the $100 million payout to the outgoing CEO of Nabors Industries, Ltd. and the possible challenges to it by shareholders under the business judgment rule doctrine.

Now the  the oil-drilling contractor is the subject of Securities and Exchange Commission investigation looking into perks received by its executives, including personal flights on company jets.


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