“……….Business is business, and the management teams of public companies work for their investors not their employees. We understand that. However, SLB raised their industry leading dividend by 25% this quarter even as they cut workers on a scale not seen for many years. ……….The optics of this dual strategy are negative and should be taken seriously. This is bad for company morale, and it could end up hurting the company in the long run even though it is good for the share price right now ……….a dividend raise of this size in today's uncertain environment could be taken as a sign of overconfidence or overcompensation to appease shareholders. All that said, SLB has a pristine balance sheet and is a FCF machine - allowing excess cash to pile up on their balance sheet is not a sound finance practice”……….source….. http://oilpro.com/post/9743
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