| | | Good morning Jon,
Poor Mr. Shefield can not sit on XOM's Board of Directors.
Instead he will receive 2.3234 shares of Exxon/Mobil for each Pioneer share at closing.
Poor Mr Sheffield only has 634,611 shares of Pioneer Natural Resources Co (PXD) stock x 2.3234 conversion into XOM stock = 1,474,455 shares times a dividend of $3.80 of an annual income (at a low tax rate) of $5,602,929.30.
Although he may well miss the meetings, I suspect at least 4 times a year , he'll feel quite accomplished about his career.
Sad that the Biden administration's (FTC) has again overreached their authority by penalizing a man who could well have helped reduce the US's huge sovereign debt and increased the government's revenue (which should go to debt reduction) by contuing to serve in some degree in XOM's BOD. The perfect replacement for Energy Secretary
These fools only know threats and nice sounding word bites.
They never measure deeper thoughts about wealth creation for the benefit of the country.
These people are all about verbal posturing and surface operators at the most.
Deeper thoughts like wealth creation are discarded by fear of others having power and god forbid even create wealth within our country.
Surface operators spewing word bites that sound nice.
Their forte is politics only and wealth creation threatens them.
Very sad indeed.
Bob
P.S. when Trump prevails his landslide win this November, he'll have one heck of a Secretary of Energy Candidate.
It's good to try to find some good in a mistake eh? <smile> |
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