Remove companies ion-geophysical-corporation
article thumbnail

Offshore Driller Support Co. Hits Ch. 11 With $124M Note Debt

Law 360 M&A

Offshore drilling support company ION Geophysical Corporation filed for Chapter 11 protection in Texas, saying it plans on handing over the equity in the company to the holders of second-lien notes after it couldn't recover from a precipitous revenue decline in the wake of the COVID-19 pandemic.

Equity 52
article thumbnail

Will COVID-19 bring about an end to the executive pay status quo?

ThomsonReuters

In April, I published a post, The Coronavirus pandemic: Executive pay cuts a sign of the times , highlighting companies across multiple industries that were making downward adjustments to the compensation of their executives and board members to help stay afloat in response to the crisis. 2) Nature of cuts. 1) Suspension of bonus payouts.

Equity 98
article thumbnail

Will COVID-19 bring about an end to the executive pay status quo?

ThomsonReuters

In April, I published a post, The Coronavirus pandemic: Executive pay cuts a sign of the times , highlighting companies across multiple industries that were making downward adjustments to the compensation of their executives and board members to help stay afloat in response to the crisis. 2) Nature of cuts. 1) Suspension of bonus payouts.

Equity 52