Bernard Duroc-Danner served as the CEO of Weatherford International, a major player in oilfield services, from 2012 until his departure in 2016. His leadership saw significant fluctuations in share prices, reflecting the company's performance and market conditions. Notably, in 2016,...
Bernard Duroc-Danner served as the CEO of Weatherford International, a major player in oilfield services, from 2012 until his departure in 2016. His leadership saw significant fluctuations in share prices, reflecting the company's performance and market conditions. Notably, in 2016, he received a total compensation package worth approximately $31.1 million, which included a significant stock grant aimed at aligning his interests with company performance. Duroc-Danner emphasized creating long-term value for shareholders, with a compensation structure that put 75% of his pay at risk based on performance metrics. He engaged actively in insider trading, indicating consistent confidence in the company's future, as he sold shares worth over $3.4 million in several transactions through early 2024. His journey in the company coincided with various challenges in the oil industry, influencing not just financial metrics but also leadership dynamics as he navigated through both ups and downs.