DW was unfazed prior to the peak of the global pandemic, before the $22B loss, never ate his words, instead staged false company layoffs. How can he be trusted.
https://www.cnbc.com/2022/06/25/exxon-mobil-ceo-all-new-passenger-cars-will-be-electric-by-2040.html
No problem.
By 2040 EM will have changed name to Guyana Energy.
By 2040:
No new discoveries will be made.
All non Guyana assets depleted.
Product Solutions divested.
Carbon Capture failed when subsidies ended when governments defaulted on debts.
DW is less competent at predicting the future than a Crazy 8 Ball.
DW pushed for hiring over 5000 new employees in 2018-2019. That was same time DW approved starting up BTC to reduce need for employees in North America.
Root cause of Layoff 2020 was not the Pandemic, it was DW.
DW declared no layoffs and in 2020 then set a deadline for layoffs to be completed by year end 2020.
Far less than zero credibility.
If DW said the Earth was round, I would become a Flat Earther.
Did bayou believe in Pinocchio?
So EM will still thrive in the EV market because we're making the plastics that go into those light-weight vehicles. That's a relief.
But - strange thing - my F-150 could have been made from light-weight plastics 20 years ago! I could be getting 50 mpg in that huge dinosaur which hauls a little bit of lawn dressing materials a couple times a year.
I could have been saving gas in an EM plasticized vehicle a quarter-century ago...
Who would of thunk???
The man has not creditability.
Yeah. Why did he send out that email declaring there will be no layoffs only to lay off so many people a few months later?
The effects of that lie are still being felt. It was a huge mistake that eroded any trust the employees had left. Before that email, I think everyone knew things were tough and there may be a need for some layoffs. Then the email came through and gave many a false sense of security (only to be blindsided a few months later). Why choose to lie and layoff people & tell them they were underperforming instead of just laying people off? It just leaves everyone with a huge amount of distrust & animosity towards the company.