I truly hope anyone that has ever contributed a shred of profitability and is still left demands a raise TODAY. The new Presidents deal completely shreds any common sense left in the NP toolkit. Let’s see, you hire a guy who isn’t a US citizen nor has a work visa, NO experience in a mid sized independent mud company and you give him the top slot???
And to boot, $450k starting salary, 50k a year to school his kids, $9500 month for housing, car allowance, ungodly travel expense allowance and if that isn’t enough a boatload of stock with a bow on top of it.
Think about this, he has NEVER made a dollar for NP and he gets these kind of perks.... Anyone with any credibility at all should DEMAND for more today.
And last but certainly not least, they gave the British Buffoon known as PV a $1.5m parting gift. A complete insult to the shareholders of Newpark. Heads should be rolling.