Sometimes shareholders of oil and gas companies put their feet down such as what Halliburton Co’s shareholders did this week by voting down the company leadership’s executive compensation plan.
Halliburton Chief Executive Officer Jeff Miller said the company was “disappointed by the shareholder advisory vote” and that it had led its peers in shareholder returns despite challenges stemming from the coronavirus pandemic and a supply and demand imbalance in oil markets.
Halliburton did not provide vote tallies according to Reuters which reported the company revised its executive compensation program in 2019 and received 91% approval of the plan from shareholders last year.
Click here for Reuters report.