EXPM:EGRGF - Post by User
Comment by
LAMBOon Jun 15, 2017 9:49am
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Post# 26365543
RE:Noise
RE:Noise
should have done this sooner
Now, with lower oil prices prevailing, Eagle has embarked on additional G&A reduction initiatives aimed at further material reductions. Eagle's plan is comprehensive and includes cost reductions targeting office and overhead, corporate travel, a review of all employee and Board compensation and potential staff reductions. As a first step, within the next 60 days, Eagle intends to implement material reductions in executive compensation, including materially reducing the CEO's compensation. Eagle intends to update our shareholders on the progress of this initiative.