I hate admit it, but I’m actually enjoying watching this Weatherford dumpster fire. Poor management from the top and treating good people like they were the problem. Reap what you sow.
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Would be interesting to see how many trips to Houston those Dubai based VPs make every year.
For a company with a lot of business in the Western Hemisphere it sure does not make sense to me.
didn’t some exec just receive a big bonus ? if so, there must be some cash remaining to throw around.
Reap the whirlwind
Candide, I've been reading your posts and you are spot on in all your observations. I was an Ops Controller there for five years before resigning two years ago with no regrets.
They destroyed EWECO within 2 years after bought them. All production is in China now.
Too many VP's. Let me explain. There are Regional VP's. Over every region. And each has their own staff, analysts, and middle management. There are then Product Line VP's. Each with their own augmented staff, and usually in places like Dubai or Abu Dhabi where rents and expat costs are extremely high. And the Global product line Controllers are USELESS. They don't actually do any accounting. The Regions do the accounting. The Global Controllers are just Report Generators for their bosses. Then there is the sales department that has it's own VP's and "Directors" (which are little VP's). And they don't report to the regions or the product lines. Then there is the Manufacturing groups for each product line and they have their own VP's and Global Controllers. And they don't report to the regions or the product lines, and they have their own mandates. Like lower inventory by throwing away good parts. WFT has hundreds of high paid VP's sitting in expensive offices in the fancy cities of the world. They need to fire all the VP's. And half their staff. I have said it before. But there is the whole problem right there.
should make a movie out of this with de niro and pesci
Disco Inferno
Worst management at the top I ever worked for. Ruined most every business they bought.
Say bye bye Jenny