So after a $800M loss in Q3. What happens next? Can they file chapter 11 twice? How can a company lose money for 19 straight quarters and still management get bonus and retention. Is that even legal under chapter 11?
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What product line can be sold off and to whom?
More layoffs are certainly on the way. Shuffling executives in and out or reorganizing geozones isn't going to get it done. Filing Chapter 11 bought them all of the runway Weatherford is going to get. At some point a core product line/region is going to have to be sacrificed to stop the bleeding.
What happens next is the CFO gets moved on with a tasty payoff and another Remora joins 6th Jan from Halliburton.
Liferdog I think bonus should be held off, not right to have 77 VP’s while Weatherford is laying off the hard workers. The US has 1 VP. Why does WTF need the other 76?
Relax we’re going to be ok till
After Christmas, then we’ll
Get canned, it’s the weatherford way
I heard big things are going to happen in 2020!
Why worry about what hasnt happened yet. Also, other peoples bonus is none of your concern. Shouldnt you be working