In his monthly propaganda note, Watson says low oil prices are here for an extended period. Given his terrible read on the oil markets for the last several years this can only mean we are due for a sustained rally. Maybe he can get a $100 million bonus next year.
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@ygv, the shareholders most certainly do care more than just about the dividends. They care that the company sustains itself financially. If it doesn't, then to hell with the dividends. Is the CVX stock you hold worth more to you than $1.07 per quarter? Of course it does. If you figured the company wasn't strong or going anywhere, you'd bail on the stock in a New York minute.
Let's face it, Watson doesn't deserve one tenth of his $60,000,000 in compensation. The shareholders for the most part, are not concerned at all about poor management, they just want their dividends.
Consistently right? An 0 for forever is nowhere close to consistently right. He would have a better track record over the last three years if he flipped a coin. $80 million don't get you what it used to I guess.
I am no fan of Watson but come on, who can consistently predict the market right? It's commodity business. Quit blaming others and focus on what you can do.