If you check Chevron's investor info page (http://investor.chevron.com), historical prices, and plot 'all data' ( it goes back to 1982), you will see that our stock price is currently on a sustained downward trend that exceeds all prior periods of decline dating back to 1982. That frames one side of the "what percentage to layoff" decision (oops- decision "process").
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So what now is the shareholders are going to demand change. Chevron has refused to do it on there own. The Alpha ROM1 showed ZERO change in corporate leadership! A letter with this information is being sent to the investors that are on the quarterly financial call......of course they have no clue how broke we are. The letters are a start and will push them to ask very hard questions in the coming months....Gorgon, Angola LNG, Big Foot, AMBU, Wheatstone.....I can go on.....is a result of super charged dumb! So Pat you better get ready to start answering tough questions.
OK, so what now?