Thread regarding Weatherford International Ltd. layoffs

Departure of Directors !

Breaking News! Three Board members resigned. Did they go far enough?

At the 2020 Annual General Meeting of Shareholders (the “Annual Meeting”) of Weatherford International plc (the “Company”) held on June 12, 2020, based on preliminary voting results, each of Thomas R. Bates, John F. Glick, and Gordon T. Hall had more votes “against” his re-election to the Board of Directors of the Company (the “Board”) than votes “for” his re-election. On June 12, 2020, in accordance with the Company’s articles of association, each of Messrs. Bates, Glick and Hall promptly tendered his resignation from the Board and the committees thereof, effective immediately, and the Board accepted such resignations. Messrs. Bates, Glick and Hall’s resignations were not the result of any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

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Post ID: @OP+15qWnR5b

4 replies (most recent on top)

Get ready for another 20% drop in Aberdeen house prices during the next 12 months.

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Post ID: @2yyy+15qWnR5b

Well this what happens when a company gets too big for its cash flow

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Post ID: @obc+15qWnR5b

Probably not enough for everyone anymore at the trough, had to get rid of these three to make the milk and swill last longer.

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Post ID: @gtd+15qWnR5b

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