Why Do Some CEOs Only Work For A Dollar Per Year?

I was recently studying the various Kinder Morgan energy companies as potential investments, and I got sidetracked into studying the life of Richard Kinder himself.  He’s a pretty interesting dude—he was supposed to take over at Enron in 1996, but he got jilted by Kenneth Lay and went and started his own energy firm with Bill Morgan instead. The energy assets that Richard Kinder used to build his empire came out of Enron itself—when the Enron Board decided to get out of the old pipeline business and focus instead on the trading of energy assets, they sold $40 million worth of pipeline assets to Richard Kinder. He was able to use these assets … Read the rest of this article! “Why Do Some CEOs Only Work For A Dollar Per Year?”

BP Stock: Big Dividends and Cash Flow

Since I began writing finance articles in 2011, a few opinions of mine have received outsized criticism. Anything relating to gold or tobacco, and anything relating to BP’s merits as an investment after the oil spill.

My view was, and remains, that BP stock has been disproportionately lambasted as a long-term investment after the oil spill due to its dividend cut, high litigation costs, and stagnant stock price over what was an oil spill that occurred over a decade ago.

Amidst BP’s criticism is the fact that it is an enormous company that sells $304 billion worth of energy-related products per year. It is massive. It earns annual profits equal to half the … Read the rest of this article! “BP Stock: Big Dividends and Cash Flow”