EQT Hires New COO for $1.1M – Tells Him to Cut Costs (Giggle)

EQT yesterday announced they’ve hired a new Chief Operating Officer–Gary E. Gould, hired away from Harold Hamm at Continental Resources where he oversaw production and resource development (essentially the same position). Gould is being paid $550,000 a year with a $500,000 signing bonus ($1.1 million total), for his first year. His salary goes up from there. Gould’s charter from EQT CEO Rob McNally? Cut costs. Which made us giggle.

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