‘Atrocious’ governance in oil and gas allows huge rewards for failure

FINANCIAL TIMES 🔒| The collapse in crude prices this year has sent activity among US oil and gas producers tumbling and left more than 100,000 workers out of a job. 

But for one small handful of employees things are not looking so bad.

As their companies approach bankruptcy, executives at failing oil and gas producers have awarded themselves tens of millions of dollars in bonuses. And even in an industry that is no stranger to excess, investors have had enough.

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