Houston midstream giant gives outgoing executive $750,000 consulting job

Joshua Mann
Houston midstream giant gives outgoing executive $750,000 consulting job

Houston-based Enterprise Products Partners LP’s (NYSE: EPD) outgoing executive left the company with a deal for a two-year-long consulting gig and the promise of a bonus check at the end. William Ordemann was executive vice president for Enterprise’s general partner until he retired Aug. 16, according to a filing with the U.S. Securities and Exchange Commission. Ordemann will also make an additional $500 per hour spent consulting, and he will get medical benefits for a year and a half of the two-year term, according to the agreement.