Monday, August 31, 2026
How a Texas shale supplier's founders made fortunes as the firm failed-oil and gas 360

How a Texas shale supplier’s founders made fortunes as the firm failed

Reuters On July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus. Five days later, the company declared bankruptcy. The payout marked the latest in a series of board decisions that allowed the oilfield supplier’s top executives and founders