Thread regarding McDermott International Inc. layoffs

TechnipFMC is suing rival McDermott International and its new chief operating officer for the alleged theft of trade secrets

COPY AND PASTE LINK TO READ MORE https://www.chron.com/business/energy/article/TechnipFMC-sues-McDermott-for-trade-secret-theft-13158102.php

by | Post ID: @UJK9ESP
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10 replies (most recent on top)

Wait to get laid off until 2019. MDR’s severance plan is richer.

by | Post ID: @UJK9ESP-opzz

I printed all the documents I intend to take when they walk me out. It’ll all fit in a single folder. Who needs a bunch of CMS procedures, drawings, designs, proposals etc etc for projects that failed as miserably as they are. You’d be a fool to use them again. & strategy... what a joke so hopefully that’s why they hired this guy. Shame he was stealing it.

Fed up - come lay me off...

by | Post ID: @UJK9ESP-idir

This new COO will be up for a trial in January 2019. Technip has submitted evidence showing that this guy stole confidential information such as business plans, and shared bid information with McDermott while still employed with Technip and being considered for McDermot role. Court has agreed with Technip and has ordered to stop working as COO until the trial.

by | Post ID: @UJK9ESP-hsbp

public relations disciplines include: financial public relations – communicating financial results and business strategy, can communicate both internally & externally (clients), the message here is that cheating is a part of our culture, clients concerned about protection of their IP should take this into consideration when choosing a business partner

by | Post ID: @UJK9ESP-acje

Make no mistake about it. There is no stealing of skill or talent. Just straight up stealing of data. The former would have been respectable to clean up the CBI mess.

by | Post ID: @UJK9ESP-9wog

This is what happens when you do not have the talent and skill to do something on your own. You steal it from somewhere else, Corporate America at it's finest.

by | Post ID: @UJK9ESP-9vox

If you’re not cheatin youre not trying. Has been the CBI way but the cheating usually come during execution so this must be the next generation evolution of the new kind of business.

by | Post ID: @UJK9ESP-4qtj

CB&I never fired anyone for any legitimate reason...cultural integration at its finest...I’m sure when this COO leaves McD in a year, he’ll walk away with millions in bonuses (and apparently some IP as well).

by | Post ID: @UJK9ESP-3ach

Because releasing him now is a quasi admission of quilt and would require mcdermott to write a sizable check to Technip fmc. They will have to defend this guy to the bitter end.

by | Post ID: @UJK9ESP-1orm

So why is this bozo coo still employed with mcdermott?

Allegedly mcdermott already won a contract because of insider info, so they got the obvious positives from hiring him. Any further association with the person is going to be all negative. Guilty or not why retain him?

by | Post ID: @UJK9ESP-1wsv

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