European stocks hitting the lows for the day as they enter their final hour of trading (remember Europe “fell back” to Standard Time over the weekend), led lower by banks, euro at lows for day, dollar strength weighing on commodities and commodity stocks.
CEO compensation: look at Nabor's, not MF Global.
A lot of attention being paid to MF Global's bankruptcy this morning and to whether CEO Jon Corzine will be leaving or not, and whether his expected $12.1 million payout is excessive or not.
But there's a lot more talk about Nabors CEO Eugene Isenberg: he's been removed as CEO, but will remain as chairman of the board. Mr. Isenberg will receive $100 million (cash!) due to changes in his employment contract. Retiring and getting $100 million?