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Entries in Eugene Eisenberg (1)

Monday
Oct312011

100 Million Dollar Payday for Oil Exec

Adam Gault/Thinkstock( NEW YORK) -- A platinum handshake for the boss of Nabors Industries.  Eugene Eisenberg is being paid 100 million dollars cash to step down as CEO of the oil drilling company, marking one of the largest executive paychecks in recent years.

Anthony Petrello, who was previously president and chief operating officer at Nabors and was recruited by Isenberg, has been named as the new CEO

Eisenberg, 81, was its chief executive for twenty four years and will keep his job as chairman.

Shares of the company rose thirty two cents to close Friday and the shares also jumped eight point six percent in after-hours trading after the announcement was made.

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