Thread regarding Chevron Corp. layoffs

BMW = Break My Wallet

Mercedes Benz is where it at.

BMW's star has really fallen, despite their high sales. They have appalling reliability. Most people buy one and never buy a second. They depreciate faster than any other car as nobody wants a used one - nothing but headaches.

Some of us don’t need a bonus day to afford to buy a bmw.

In the good old days at 1400 Smith, the BMW dealer would have test vehicles available at the curb all day on bonus day. Made a lot of sales. That was in 1999.

Enjoy your 1.5 CF you bunch of whiners! Suuuuuuuuucccckkkkk iiiiiiiittttttt!!!

Money is not everything. To older generations that is all they cared about but in the modern era flexibility, work life balance, job security and other things are just as important as compensation. Work life balance has been hit and with MW in charge job security is at an all time low with his preference for frequent layoffs. The big bonus helps but doesn't fix things.

MW is not a maeglomaniac or bad guy. He tries very hard and he means well. He just is not all that smart and he has some pretty crummy managers who resent the fact he listens too much to outsiders. He goes for the easiest win which is cost cutting. And he loves people issues because he figures if staff are happy the business will flourish. In our business we really need a strong and smart leader with a strategy and a plan. Without that, motivated people don’t really know which way to go. Sad.

If your morale at work is not directly linked to the size of your compensation then you need to go and figure out your life.

MW is doing a fantastic job; He’s cleaning up the mess that other left behind. A considerable body of opinion of employees and investors support what he’s doing to turn the company around to be a lean, mean efficient machine. If you, don’t like working here you’re free to leave and don’t let the door hit you.

Saying if you don't like it leave doesn't solve the major issues here. Getting a good bonus helps but won't cure the major morale issues here and overworking that going on. Also we'll see how the pay raises are. If they are low then that's still rough. MW has got to start thinking about employees more. The shareholders are very important but shouldn't be the only priority and goal. Think about employee morale and work life balance a bit.

@OP

You are acting as if MW makes decisions in a bubble. Decisions are made by the BoD and investors, and there is not a BoD out there right now that wants to be accused of ignoring social justice or climate risk. That doesn’t mean you have to personally believe in these social constructs, but MW and other leadership have a duty to the employees and investors to address these topics in some fashion. For them to not do so would be irresponsible and result in even greater job loss or underinvestment than we’ve already experienced. I’m tired of it too, but if we manage risk and get that ROCE up, you won’t have to worry about any of the workplace dynamics you’re concerned with since we’ll be jobless.

shut your mouth period

Dude, he’s the CEO so he gets to set the direction.

Stock hit all-time high last week and CIP =1.5. And we just went through a pandemic and an oil price collapse. Things could be a lot worse (e.g. Oxy, XOM, BP).

When you become the CEO we’ll do it your way.

I've been here for a long time and the main thing I've noticed is that Chevron doesn't feel like an oil and gas company anymore. Over time, it seems like Chevron has become a shell company that just hands out money to overpriced consultants like BCG.

dude, he just announced a 1.5 corp factor.

1. 5 multiplier - so why don’t you STFU?