04-11-2021, 02:33 AM
Carl Icahn’s CVR Files Suit Over ‘Eye-Popping’ Delek CEO Pay
<!-- SC_OFF --><div class="md"><blockquote> <p>Carl Icahn’s CVR Energy Inc. has filed a lawsuit against Delek US Holdings Inc. seeking documents it believes will detail how the refineries’ Chief Executive Officer Ezra Uzi Yemin received an estimated $81 million in total compensation over the past eight years, some of which wasn’t disclosed in proxy statements.</p> <p>CVR Energy alleges in the suit, which was filed in Delaware Thursday, that Yemin received the “eye-popping” compensation from both Delek and its publicly-traded logistic’s subsidiary, Delek Logistics Partners.</p> <p>Roughly $53 million came in the form of compensation between 2013 and 2020 as chairman, president and CEO of Delek, CVR Energy said. The remainder is derived from a 5% interest in the general partner of the logistics subsidiary that he was given for unknown reasons and was bought back last year for $21.4 million. That portion wasn’t disclosed in proxy statements, the suit said.</p> <p>“Yemin is a poster boy for all that is wrong with corporate governance in America,” the lawsuit states.</p> </blockquote> <p><a href="https://www.bloomberg.com/news/articles/2021-04-08/icahn-s-cvr-files-suit-over-eye-popping-delek-ceo-pay">https://www.bloomberg.com/news/articles/2021-04-08/icahn-s-cvr-files-suit-over-eye-popping-delek-ceo-pay</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dremonearm"> /u/dremonearm </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/mogs0t/carl_icahns_cvr_files_suit_over_eyepopping_delek/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/mogs0t/carl_icahns_cvr_files_suit_over_eyepopping_delek/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><blockquote> <p>Carl Icahn’s CVR Energy Inc. has filed a lawsuit against Delek US Holdings Inc. seeking documents it believes will detail how the refineries’ Chief Executive Officer Ezra Uzi Yemin received an estimated $81 million in total compensation over the past eight years, some of which wasn’t disclosed in proxy statements.</p> <p>CVR Energy alleges in the suit, which was filed in Delaware Thursday, that Yemin received the “eye-popping” compensation from both Delek and its publicly-traded logistic’s subsidiary, Delek Logistics Partners.</p> <p>Roughly $53 million came in the form of compensation between 2013 and 2020 as chairman, president and CEO of Delek, CVR Energy said. The remainder is derived from a 5% interest in the general partner of the logistics subsidiary that he was given for unknown reasons and was bought back last year for $21.4 million. That portion wasn’t disclosed in proxy statements, the suit said.</p> <p>“Yemin is a poster boy for all that is wrong with corporate governance in America,” the lawsuit states.</p> </blockquote> <p><a href="https://www.bloomberg.com/news/articles/2021-04-08/icahn-s-cvr-files-suit-over-eye-popping-delek-ceo-pay">https://www.bloomberg.com/news/articles/2021-04-08/icahn-s-cvr-files-suit-over-eye-popping-delek-ceo-pay</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dremonearm"> /u/dremonearm </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/mogs0t/carl_icahns_cvr_files_suit_over_eyepopping_delek/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/mogs0t/carl_icahns_cvr_files_suit_over_eyepopping_delek/">[comments]</a></span>Kind Regards R