During his tenure at Targa Resources, Joe Bob Perkins's holdings saw remarkable changes. In 2019, his stock holdings peaked at around $41 million. This number fluctuated, dropping to about $10 million in early 2020 before climbing back up to over...
During his tenure at Targa Resources, Joe Bob Perkins's holdings saw remarkable changes. In 2019, his stock holdings peaked at around $41 million. This number fluctuated, dropping to about $10 million in early 2020 before climbing back up to over $54 million the following year. This kind of volatility in holdings underscores the risks and rewards of stock ownership for CEOs, especially in a company as dynamic as Targa. Perkins's decisions reflected strong engagement with the company's performance, where his wealth was increasingly tied to Targa’s stock price, showing a commitment to aligning his interests with those of shareholders. His stock value saw highs of $50 million and lows below $15 million, revealing the possible tensions CEOs face between personal wealth and company outcomes.