It seems not even the board of Halliburton Co. thought the price of oil would remain depressed this long.
The company’s five top executives missed out on at least $12.2 million in cash bonuses last year after Halliburton posted cash value added — a metric it uses to determine bonus payouts — that was off target by more than 60 percent, according to a Tuesday proxy statement. The board’s compensation committee set that target in early 2015.
Brazil Energy Insight 
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