Joe Bob Perkins served as the CEO of Targa Resources from 2012 until 2020. He took the company through significant changes, including a sharp increase in total compensation that peaked at over $111 million in 2020. His pay included a...
Joe Bob Perkins served as the CEO of Targa Resources from 2012 until 2020. He took the company through significant changes, including a sharp increase in total compensation that peaked at over $111 million in 2020. His pay included a salary, bonuses, and stock options, showing how executive compensation can reflect company performance and success. One key move was his decision to replace cash bonuses with stock options, which tied his earnings more closely to Targa's stock performance. In 2019, Perkins made notable insider trades, with stock values fluctuating from about $41 million to as low as $10 million over a few months, highlighting the dynamic nature of his investment in the company. He was involved in major leadership transitions, including the appointment of a new CEO, Matthew J. Meloy, indicating ongoing strategic shifts at Targa. Perkins’s time at Targa Resources reflects both the complexities and the influences executive leadership has on corporate growth and shareholder value.