Thread regarding McDermott International Inc. layoffs

McDermottToday

November 4, 2019: "This morning we announced our Q3 2019 financial and operational results which reflected solid operational performance across the majority of our business."

This was the CEO's interpretation of a sharper than expected Q3 loss of $1.9B, lower than expected revenues, and missing the November 1 interest payment. But we're fine. Get back to work.

November 5, 2019: "Stuart Spence, CFO, has resigned from McDermott to pursue other opportunities."

Of course he did. He voluntarily gave up his retention bonus.

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Post ID: @11SPx7m1

3 replies (most recent on top)

"I'm melting, melting. Ohhhhh, what a world, what a world. destroy my beautiful wickedness."- McDermott International Inc.

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Post ID: @11SPx7m1-nvm

"I trust DD to learn from his mistakes and do the right thing." God I want to vomit.

Maybe DD will use what he learns at his next job.

But when will the shareholders learn? When will the employees learn?

This is a f—ed up company! Why are you just sitting there?

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Post ID: @11SPx7m1-tip

Perhaps his other opportunities are more rewarding than the next round of EXCOM bonuses

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Post ID: @11SPx7m1-upg

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