Summary
BLACK GOLD: Cairn Energy's stunning success with the drill bit in India has enabled executives in the oil and gas firm to enjoy a combined GBP20m boost to their personal fortunes from the sale of shares awarded under incentive plans, writes Mark Williamson.
Edinburgh-based Cairn said eight directors and senior managers had generated proceeds averaging GBP2.5m each from selling a total of 831,000 shares, with Sir Bill Gammell, chief executive, raising GBP4.5m.See the full content of this document
Extract
Liquid Assets Gush at Cairn
That amount was eclipsed by the GBP4.75m that Malcolm Thoms, chief operating officer,...
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