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Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc.
James D Bennett, the CEO dismissed last week, left the company with a severance package worth at least $14 million, according to the explorer’s proxy filing in April and data on stock awards compiled by Bloomberg.
That follows a $90 million severance given to Bennett’s predecessor, founder Tom Ward, who was pushed out amid investor unrest in 2013. In between, the oil and gas explorer entered bankruptcy, wiping out the value of its shares. The stock has lost 27 percent since emerging from bankruptcy
