Thread regarding Exxon Mobil Corp. layoffs

After Rex leaves expect big changes in late 2017 into 2018

The new CEO will restructure and cut costs (sell off assets) to improve operating efficiency, cash flow and profitability. Remember cash has dried up with little return and the trend has to change to meet the long term investor needs. Its amazing the ivnestor let the cash reserves burn go on as long as they did given productioon was essentially flat after spedning all those case reserves.

The old CEO always leaves this to the new guy (e.g MSFT when Balmer left).

It was coming with Rex's announced retirement in 2017, just got moved forward a little bit

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Post ID: @OP+KNSXyEk

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A potential $180M payoff! Really is he worth that much?

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Post ID: @pwbg+KNSXyEk

Grave? Never had a better CEO

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Post ID: @twb+KNSXyEk

Great article on that issue of cash burn during Rex's tenure.

http://oilprice.com/Energy/Energy-General/ExxonMobil-Is-Digging-Its-Own-Grave.html

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Post ID: @tuw+KNSXyEk

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