Thread regarding Chevron Corp. layoffs

What Went Wrong At Chevron

The downward shift occurred around 1998 when we changed our focus from taking care of 'stakeholders' (customers, vendors, employees, shareholders) to taking care of 'shareholders' - it's all about profits now, it's all about shareholders now and stakeholders (all of them except shareholders) are in the center of everything. With this being said, all fundamental aspects of Chevron started to fade, while we made money, we alienated pretty much all other stakeholders and you are seeing results of this right now. No, it'll not stop here, they will continue to tighten the belt regardless of how much money we make and how much employees are disgruntled, how much our customers dislike us or how much our vendors think that we have unrealistic expectations. There are a few straightforward solutions for this but I'll leave it at this.

Anonymous126518

by Anonymous150493
| 642 views | | 8 replies (last ) | Reply
Post ID: @OP+Dp7h8H1
Comment! It's anonymous!

8 replies (most recent on top)

News flash, shareholders own the company not stakeholders.

by Anonymous151752
| | Reply
Post ID: @239R+Dp7h8H1

Repeating yourself 5 times in the same thread is not needed. Quit being a dork!

by Anonymous150919
| | Reply
Post ID: @eof+Dp7h8H1

Our current CEO and his predecessor have NO international experience, a situation unheard of amongst our peers. Existing solely within the ivory towers of San Ramon does not equip you to run a diverse international business empire such as Chevron.

by Anonymous150860
| | Reply
Post ID: @wK1+Dp7h8H1

Anonymous150612 CORRECT! First, does anyone even have a clue in there own little world Chevron's net income, P&L, cash flow. Nobody understands the basic financials....including Chevron. 120 bucks a barrel can smooth over the roughest spots. You do realize that if oil went to 120 again Chevron would still be having issues but not on it's death bead as they are now! Second no one understand the work....they need to lay down the paper, get in the field and understand the day to day activities that can make you money, cost you money, get people killed. If Chevron does not turn those two things around they will not exist in their present form. The market will eat them alive.

by Anonymous150724
| | Reply
Post ID: @F5R+Dp7h8H1

anon 612 .good comment ! a different look and perspective of our situation

by Anonymous150637
| | Reply
Post ID: @PZM+Dp7h8H1

In Chevron's "defense", the excessive contractor headcount was necessary because employees were in endless meetings about this or that initiative. SOMEBODY had to do the work.

Where Chevron went wrong , and continues to do so, was in relying on these expensive and out of touch business process "consultants" with their arsenals of MBAs and Phds but no experience. Their charge, and they will all admit it, is that they MUST find (or fabricate) deficiencies. Otherwise there are no billable hours.

by Anonymous150612
| | Reply
Post ID: @R6I+Dp7h8H1

@Anonymous150493 - cannot agree more, cannot. This is not only Chevron's problem, it's rampant in the business space in general.

by Anonymous150559
| | Reply
Post ID: @VZz+Dp7h8H1

What really hurt chevron was that period of time when they stopped hiring people in the 90a. The only movement was from within as they were not going to add to headcount no matter what, they used contractors fot everything. Consequently, that was when a lot of incompetent people worked their way up the food chain where they remain today.

by Anonymous150497
| | Reply
Post ID: @DjW+Dp7h8H1

Post a reply

: