Thread regarding Chevron Corp. layoffs

5udo is the pathetic butthurt loser who got $hit-canned and has no prospects nor life. We expect nothing more from him other than to troll this site, lick his wounds and act like a little fruit calling things "cute".

Hey 5udo, it’s you who is a text book example of the Dunning Kruger effect.

All of these people who would have trouble running a lemonade stand all weighing in on the qualifications of the next CEO of a fortune 500 company.. how cute

This is a text book example of the Dunning Kruger effect

CPDEP is not a one trick pony. It is not the silver bullet or the pill to cure all ailments. It’s only a tool and works primarily for a handful of mega million dollar capital projects.

Good leader cares about people and business. You can’t run a profitable business if you only take care of people. Cost cutting is only one aspect of business that you can only go so far with. Revenue creation and other business management skills are also needed to run a profitable business. With high oil price and selling what we get out of ground, CVX management never felt like running a true business. Now CVX is crushed like any other business on the street and we are strugling to run it profitably because we trying to use CPDEP on a business problem. Lol....

I found it interesting that MW comes primarily from a marketing background (former CEOs were from Upstream, Refining --- and all were off the executive MBA program).

I look forward to the changes that MW will usher into CVX

A trendy, PC CEO from the outside would be a bad decision. Wirth has a proven track record. He is known as a cost cutter. Worth will weed out the nepotism and corrupt slackers. He will have his trusted leaders do it, of course. If you are part of the good old boys and gals gang, you may be seeing a new world order at Chevron.

Spot on, 2yad. You hit the nail on the head.

Regardless of internal or external, I thInk the company will really benefit from having a CEO with a technical background.

Having work in both arenas I have to say I much prefer someone internal. There is difference between understanding business and understanding 'A' business..the latter only sees the numbers, the former sees the people

my 2 cents

1avj, wow what an insightful and well thought out, researched and fact based reply. Next time, post - That's just "poppycock, and rubbish, you pathetic bloke". That really makes your post believable - LOL!

-1ndk, that is nonsense research.

https://www.gsb.stanford.edu/sites/gsb/files/publication-pdf/cgri-research-spotlight-08-internal-versus-external-ceos.pdf

This seems to say external might be marginally better, but still inconclusive. The market seems to like external CEOs, did notice that there wasn’t much bump in share price at announcement so thought that was interesting.

That’s your opinion -dxn, but I disagree. I can see your point to try something new by bringing in a person with a new perspective, but I think it’s more valuable to have the right person who has deep knowledge of the O&G business as well as Chevron’s own operations and procedures. I didn’t care for J Watson at all, but think M Wirth brings what’s needed for the company. Time will tell

if I’m right or wrong.

My opinion is that an outside person will serve better because of his/her outside perspective and knowdlege of running a business. My observation is that people who grew up in CVX vacuum for 30+ years don't know business management. That's why mess happens again and again because they don't know the business basics. At CEO level you don't want an engineer who knows CPDEP or other CVX tool, you want a person who knows business management. My pick will be someone from outside O&G who has run a high volume low margin business.

I don’t think we need a CEO from the outside of Chevron. What loyalty and sense of ownership would should a person have? I prefer someone from within the ranks of the company who has made measurable accomplishments to be the new leader. Mike Wirth is the obvious pick for the job.