Gulf Keystone’s rewards don’t suit a listed firm
AS AN oilman, Todd Kozel, the boss of Gulf Keystone Petroleum, knows a thing or two about extracting things that are buried far from view.
Hardly surprising, then, that the most sensational information in the Aim-listed company’s 2012 results was only to be found deep down in the text. Massive bonuses, expenses, company loans to executives: you name it, it was in there.
No stranger to investor ire about his pay, Kozel may be banking on the idea that shareholder fatigue will allow him to win the Read more [...]