Thread regarding Hess Corp. layoffs

So true! GSC and legal have been decimated good luck getting meaningful protective contracts in place!

The father's legacy was ruined the day they sold the gas stations to Marathon. The stations should have been spun off as a separate company and its stock awarded to shareholders of Hess. It appears that the management has been selling off cash cows to recover from their big mistakes of the last few years. Some of these mistakes such as the Eagle Ford debacle bordered on professional malpractice. Whosoever evaluated and signed off on this deal should have been shown the door right away. The exploration program at Hess has been in the dumps for some years in spite of changes in leadership. One possible bright spot is Guyana, and only time will tell how it pans out. By the way, has anyone wondered why a company the size of Hess has so many Senior VP's, tons of VP's, and separate titles of President and CEO? They have recently reduced the Senior VP ranks by a couple but more need to go. After having sold off many assets recently, there is no reason that VP ranks cannot do the jobs that are currently assigned to Senior VP's.

Leon Hess will be turning in his grave at the way his Son and Greg hill have ruined the company

Greg was So obsessed with being a mini Shell that they lost the Focus and sold great assets to fund Guyana

No doubt Hill will fall on his sword and walk away with millions of Dollars without a single thought of the great Employees he has let down and put on the unemployment scrap heap

Shame on you John Hess for allowing Hill to ruin your fathers legacy

Shame on exploration leadership. The new exploration leadership all take the advantage from the previous Guyana team who did dataroom and propose the top level SVP business dev. and strategy, then capture this block. They removed almost all these people who captured this block when the Liza well successfully discovered a giant field. Shame on you ex-bp employees become the exploration leadership in Hess and took the advantage without any respect at all when they blamed us to drill a stupid trap before the spud of this well. We felt that these kind of behaviour that make this company lost respect from previous employees and disregard among the peers. They promoted their own timber employees with poorly technical and experiences. Not sure they were able to do the right decision, just checking and adjusting operator works, then sell to top management thet they influence supermajor..., you are trying to run when you are still difficult to stand up...

No wonder investment institutions are calling for sale of company. Or even better. Ousting of CEO.