Antitrust enforcers are investigating Exxon Mobil’s nearly $60 billion merger with Pioneer Natural Resources, which is set to be the largest oil and gas deal in the last two decades.
By David French NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company s $60 billion sale to Exxon .
Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.
Pioneer s mega-sale to Exxon will trigger $71 million in exec windfalls streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Senior management at
Pioneer Natural Resources will likely be out of a job
once the company s $60 billion sale to Exxon Mobil is
completed, but the top brass will walk away with bumper payouts
which.