I’m still astonished that today’s email so flatly states we were doing this because Exxon/others already have. It’s such an amazing admission of inept leadership. There isn’t a way you can slice this that does show poor leadership performance. We’re behind in ideas, execution, and efficiency. The solutions is to pick up pennies while stepping over dollars.
Also, ask anyone how consolidation has gone in Manila. I’m selling my stock now.