The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carsonshareholders should vote against its executive compensation plan, the oilfield services provider said on Monday in a filing.
Institutional Shareholder Services criticized the company's compensation committee members for failing to address concerns over long-term incentive pay, according to a regulatory filing. The advisory firm also took issue with what it saw as a nearly 20% increase in Chief Executive Jeff Miller's long-term incentive value in 2021, the filing said.Halliburton called ISS's analysis "misleading" and said its "performance had excelled to the benefit of Halliburton's shareholders," pointing to its restrained spending, debt reduction and rising dividend, according to the filing.Shares of Halliburton on Monday traded at $33.36, down 10.
Last year, Halliburton's shareholders voted against the oilfield services group's proposed executive compensation plan in an advisory motion.Register now for FREE unlimited access to Reuters.com
Isn't Halliburton Chaney's company, that made mega$$$ during he Iraqui war? ' Former Halliburton Subsidiary Received $39.5 Billion In Iraq-Related Contracts Over The Past Decad'
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