Deals
Energy Activist Battle Divides Rice Siblings: It's ‘Awkward’
- Daniel Rice IV has been on EQT’s board since November 2017
- His brothers have threatened proxy battle against the driller
Rig hands thread together drilling pipe at a hydraulic fracturing site owned by EQT Corp.
Photographer: Ty Wright/Bloomberg
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Being on the board of a company your brothers are trying to take over can get uncomfortable -- just ask Daniel Rice IV.
“It’s the most awkward thing in the world,” said Rice, a member of the board of directors for EQT Corp., which is facing activist pressure from his brothers after they sold their company to the natural gas driller in 2017. “I’m kind of cut off from things.”