Nabors Industries Ltd. (NBR)’s Imperial CEO Remains

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It is worth noting that there have been recent changes to Nabors’ board due to Pamplona Capital Management’s success in getting Nabors Industries Ltd. (NYSE:NBR) to add two new independent directors to the board. It is possible that these new directors will push the board to make more shareholder-friendly decisions. However, unless we see a clear sign that they will do a better job of representing shareholder interests, I think shareholders should remain pessimistic about Nabors’ future.

The article Nabors’ Imperial CEO Remains originally appeared on Fool.com is written by Hayes M., Joy.

Motley Fool contributor M. Joy Hayes, Ph.D. is the principal at ethics consulting firm Courageous Ethics. She has no position in any of the stocks mentioned. Follow @JoyofEthics on Twitter. The Motley Fool recommends Western Union. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy.

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