The VP's and Presidents got a New Years scolding by MW for spending to much, so they are starting 2023 with fire under their feet. All after a record year. Contractors are already getting it, and soon the employees will feel the stress coming down from MW through their local managers. We need to go back to our old mission statement of being the company admired for our People, Partnership and performance rather than this new flaky stuff where you don't care about the people and don't care about the partners (contractors).
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Let me guess - the speech went something like “we did great, but great is not good enough.”
Now you’ve heard the town hall speech, I just saved you an hour.
MW has to kiss the ring of Larry Fink of Blackrock Capital. Got to pump those clown world ESG numbers up in order to receive our global goodboy stars.
Stock price is good, profits are massive, the dividend is fine. Absolutely no need for even more cuts. Our management has only one lever on the machine and its cuts it seems and cuts to average employees. How about management take some big pay cuts and layoffs before they put the average employee through more stress. They have already put the employees through he-l the past few years. I would like to see a new CEO at some point.
MW has to get us on a path to at least 50% revenue from renewables by 2030. It is going to take a lot of money. Everyone needs to get on board.
Axe Man coming again OP. He’s coming for you. Swing baby swing.
How about just getting rid of some VP’s and Presidents instead? They don’t DO much, but cost a lot in $ and support resources
“ MW has been in cost-cutting mode”… that’s because that is all he knows how to do. He does not have any clue how to grow this business. Time for new blood!
10% open reduction this year. Ain’t 10% left to cut.
MW has been in cost-cutting mode since 2010 when he started whittling away at downstream. He literally would not know how to manage a financially well-functioning company.
He is under the g-n from the BOD to show improvement or merge with Esso. We all know where it will end up...
MW is just too much. With the major profits and all the company has put their employees through around layoffs and all the other things he just can't stop with the cutting. I personally wouldn't want a legacy of cost cutting and layoffs.