So when do we start preparing for catastrophic events.
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Everything depends on your present financial situation and your desired time horizon for retirement. If you can easily retire now or in 4 years, and you qualify to receive a handsome severance check, 6 months of unemployment benefits and 6 months of COBRA medical at your current employee rate, then perhaps "sabotaging your chances in the ROM" could pay off for you. If you are not close enough to 65 years of age to get Medicare Advantage health insurance rates, then you could still try to get layed off then find a job elsewhere (if you are lucky). If you know you are not close to retiring yet, then don't. Chevron will be around for another 135 years and will be a better place to work at after the dust settles. The pay and benefits are hard to match anywhere. Your years of service earned to date will provide you a higher pension in the end. And if you make it through this ROM now only to get cut further down the road, I think the company will still honor the same benefits as it has been doing. Having a job is the best benefit of all. Good luck to you.
This is going south so very fast. I'm wondering if I should purposely sabatoge this current ROM and get out while there seems to be a company/money currently in place. Will there be this time next year?
Christ, I think we may be there before Q3 earnings
3Q numbers are going to destroy this stock. Cutting the divvy will send this stock to the low 60's.