Example: closing the Concord, CA office park and moving those 800 employees to San Ramon. The lease on the Bishop Ranch building is 10 million a year. The Concord facility is fully owned and could absorb the excess personnel who don't fit in Chevron Park which necessitates the BR lease. But instead of moving people out of BR to Concord, they put Concord up for sale (and with the current glut of office space in Contra Costa County, it'll be sitting empty for years) and keep throwing money down the drain on an expensive unnecessary lease. Meanwhile, let's preach "work life balance" to the 800 people who will be tossed into a commute that ranks third worst in the Bay Area. This decision should have been a no brainer. Concord may be old but it's been kept up well and very functional, centrally located in Contra Costa County and easy to access. The people making these decisions are idiots, I understand utilizing Concord was the original plan but some people with more "clout" who work in BR put up a big stink about having to go to Concord (which is the opposite commute and painless) and the decision makers caved in. So they will keep blowing 10 million a year to lease a building instead of utilizing what they fully own. Any wonder why there's a cash flow problem???
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They could have sold the park.... There have been a number of colleges that have offered to buy the park over the years.
Can we have a meeting to have a meeting about your water fall chart? Im thinking it just wont fit my needs....LOL
Yeah but...see...if Chevron management cared about wasting MONEY, it would summarily poopcan eye-rolling programs like OE and Committed To Always and the Tenets of Operation...all three of which are worshipped (and ignored).
Now...I have worked at Concord AND San Ramon, though mostly in Richmond.
Richmond, for all its faults, is ‘real’.
San Ramon feels like a convalescent home (replete with feces-laden footpaths, courtesy of migrating geese lured there by a make-believe-lake in the middle).
Concord has the ambience of a mortuary so...I say, as a proud stockholder: sell Concord to a Chapel of The Chimes franchisee, shutter San Ramon and, if there’s anyone left, move ‘em to Richmond!
Capex va Opex
Ok but can you summarize your post in a waterfall chart?