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Originally Posted by Lubicon
I don't see that in the article. No mention of a raise in the traditional sense, but a bump in his bonus and options (which are discretionary). Total compensation increase is about 10% year over year. More than a lot of people but also less than many people I know in the energy industry received - and I'm talking employees, not executives.
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That’s a bit of an apples to oranges comparison though when you consider that a lot of people in the energy sector spent the last decade or so taking wage cuts and/or layoffs.
Crazy that a couple of years ago Galen was telling his shareholders to vote against guaranteeing a minimum wage of $15/hour to all Employees because it would be bad for them but suddenly giving the majority shareholder of the same multibillion dollar company whose stock is already up around 20% in the last year more money isn’t bad for shareholders.