I'm not an employee but my company does a lot of business with Chevron. I have noticed that John Watson often isn't present for the earnings conference calls. Does anyone know why that is? is that the same practice previous Chevron CEO's employed?
Our company CEO has always been the key man on all earnings conference calls so I find his absence curious but maybe I'm reading too much into it.
@IFozRnn-1dzg ...As you state, Donald Trump may be a great business man. I give him credit that (however he did it) amassing the B's is an accomplishment. HOWEVER, issues of late are a wake-up that a great business man doesn't necessary make a great president. He just can't keep his mind from running out his mouth. And then he repeats it 3-4 times in chopped follow-up sentences. While I tend to fall on the GOP side of conservatism, no way in hell I could vote for this narcissistic megalmaniac. ..he is making a win for Hillary easier day by day.
I'm praying that an 11th hour 3rd party rises from the chaos, even though the Electoral College would not be in a position to support a popular vote for one. I even found myself researching Gary Johnson (Libertarian Party).
And BTW... JW actually is controls more net worth than DT. Let's hope he doesn't take it into bankruptcy like DT has come close to a couple of times with his empire.
Hey @1kgn, Donald Trump IS a great businessman. You don't become a billionaire 10 times over by being an idiot or a John Watson.
John Watson makes Donald Trump look like a great businessman.
The reason John Watson doesn't show up at the Loss of Earnings conference calls, is because his CEO title has taken on a new meaning lately. Some now refer to him as;
Can't Even Operate
Career Ending Opportunity
Cutting Everything Out
Clown Executive Officer
Consider (new) Employment Options
Chief Executioner Omnipotent
OP here. Thanks for your perspective. I can't really speak to JW's motivations but I will only speak to my own company. The CEO is the face of the company. The investors want to hear directly from him. I have worked for the company for 8 years and he has never missed an earnings conference call. I can't think of anything more important for him to attend. They are scheduled in advance and relatively short. It seems fairly simply to plan important tasks around the calls. I'm sure the CEO and VP's are more than capable but investors want to hear from the CEO
The only thing that John Watson cares about is getting his money. He doesn't care about the families of Chevron employees or Chevron suppliers or anybody else. That's what happens when you put a finance guy in charge. Thanks Mr. Watson, it's been fun. Well, at least I hope that you had a good time
I'm sure JW is flat out embarrassed to stand in front of Wall St and declare how CVX is falling apart at the seams. It's more likely that he might have been in conference with XOM or some other IOC on ways for CVX to be acquired.
@IFozRnn-fmk....even though a CFO can make statements and field questions, the reality is a brave captain "doesn't abandon his ship" and this one is shirking his responsibility. If he were a true leader, he'd declare his salary to be $1 USD this year and vow to not up it until things have turned positive for at least 2Q.
A few more lies on a PowerPoint deck cannot save CVX now. The ship has sailed. Aye Aye Captain Watson.
Watson working hard? What can he possibly do to help at this point?
The CEO is the face of the company. He is also the top official in the company who has to own up for the current situation. When he's not present at these meetings during bad times, it speaks volumes and feeds speculation for the worse.
Is it possible that Mr. Watson is actually working hard to right the ship instead of representing the company in the conference calls? The CFO is more that capable to present the slide deck and answer questions, so why do you also need the CEO to be present?
@vjt is a typical neocon redneck. Hope you didn't pull a hamstring while jumping to those ridiculous conclusions. Idiot.
The answer provided by @hms is the right one.
-hms, So what you are saying is he is a like Obama or his minions and followers. He will claim that anything good that happens anywhere at any time having to do with the United States, is because of him and he gets credit., Then if any thing bad happens, then he will either be absent or will say it is a result of the previous administration. Lip service supreme. And the most astonishing part of it that many, many, many, indeed a HUGE majority of the populace does not see is that the POTUS has little to no effect on theses incidences at all. He is just a speaker. A particualar case in point is the killing of Bin Laden by Navy Seals after the effort had been under way to find him for approx. 10 years, well prior to Obama's term. People in the US are actually so gullible that they give him credit for that, as if, because he happened to be president at the time, there is sometime particular that HE did, that affected that, after voting AGAINST interrogation techniques as a senator which resulted in his discovery. Think about that next time Watson speaks. He really does not need to be there except to speak and deliver news either way.
He shows up for the quarters where he can take credit for company profits. If the Company loses billions in a quarter, then Pat can explain it.
He's probably playing golf at Pebble Beach.
To clarify. I believe Mr. Watson has missed both calls for 2016 (Q1 and Q2) however I believe he was present for 3/4 of the 2015 earnings calls.