Based on the SEC disclosure for the merger
WPX executives get a 44 million payout
DVN executives get a 37 million payout
Expected to shed 100 million in G&A in order to make up for these payments.
This merger is not beneficial to the shareholders or employees and is only an opportunity for these executives to make more money.
8 replies (most recent on top)
Spread out across all execs
They had this going already when they took DVN stock off the 401k.
Is the payout per executive or is it spread out among all respective WPX and Devon executives?
Remember that this is what's best for the SHAREHOLDER.
I would assume this is related to the S-4 filing with the SEC,
https://www.sec.gov/Archives/edgar/data/1090012/000119312520285841/d45694ds4.htm#rom45694_63
Page 92 on...
The rich get richer and the poor get poorer....Life 101 bra.
The Devon execs found my playbook after they fired me. Basically it’s a diagram of a back with a knife pointing towards it. Because what you allow is what will continue
Link for the SEC Disclosure.