The Traderszone Network

Published in TZ Latest News 14 December, 2014 by The TZ Newswire Staff

Andrew Hall, Phibro, Occidental

Andrew Hall is known as “The God Of Oil” by some floor traders. When he was to be paid a $100 million bonus, the Great Recession had just begun and anger toward banks prompted officials to reign in corporate bonuses from those which took bailout funds. Since Citigroup owned the Phibro Group, the subsidy that once stood on its own before Citi bought and later sold the organization to Occidental Petroleum, Hall was able to keep his $98 million bonus from 2008 — but not the $100 million bonus from 2009.

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