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No. 5. Randy Eresman, president and CEO of Encana, addresses shareholders at the company's annual general meeting in Calgary, Alberta, April 20, 2011. Mr. Eresman has a pension of $21,708,490. (TODD KOROL/REUTERS)
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No clear scapegoat for Encana’s woes
TIM KILADZE
— The Globe and Mail
Published
Last updated
One could argue the struggles at Encana Corp. are all Randy Eresman’s fault. The retiring chief executive officer was a big bull on natural gas and famously promised in 2010 to double production over five years.
You could also argue that Encana was wrong to spin off its crude business into Cenovus in late 2009, stripping the company of its much more balanced mix between oil and natural gas.
