See you kiddies in the bread line !!!!

All company credit cards were cut off the end of last week by the Bank of Montreal

It’s coming... brace yourself should be within the next 24-48 hours.

Enough with the smoke and mirrors "we will tell you all about it it next week, next month, next year" I can't take all of the lies and BS anymore. Besides that now that McDermott is going bankrupt we could all be out of a job by the end of the month... — read more 

Need to better manage the resources we have. Can also borrow a few more tranches if necessary and stop the gifting of directors under the guise of "retention bonuses." If directors and board members want to leave, nobody outside our sphere will... — read more 

Cut main office overhead salaries by 25%. I have heard many personnel are overpaid. Many will unbelievably stay because they cannot find another job paying near the cut or will not leave their comfort zone. Good talent will leave so prepare to... — read more 

They could issue say 700 or 800 million shares to come up with some cash to at least stem the tide. Get their credibility back and pay some vendors for crying out loud. If necessary, they could do it again later if needed. What are they waiting... — read more 

What happens when there's just no more cash available ? And you cant borrow another dime ? You bust the joint out, that's what. I expect them to ransack and sell off everything in pieces starting with Lummus and finishing with everything that... — read more 

Will our stock become delisted ? Will they keep the insane open floor plan for common employees like me ? Will they lay me or any of my coworkers off ? Will we they make payroll ? Will they get a buyer for Lummus ? Questions Questions... — read more 

Thanks everybody !!!! Those of you who have been reduced you have my sympathies !!!!!!

The quality vendors and subs have gone unpaid out here where the company generates money. Apparently, the sweat dripping masses should push on so our crown jewel, OMC is fully stocked with coffee. Those of you complaining about open floor plans... — read more 

Anyone else heard that McDermott is laying people off?

Is anyone else hearing of another round of layoffs going into the end of the year? Or is it select and performance related? Seems like they're starting tearing down some old fiefdoms.

Just remember that DD has vision for a ONE McDermott scheme !

I hear some Wages have not been paid in London Feltham Office . Any truth Ruth ?

Some employees don’t like the open floor plan because they say it cramps their privacy, but the collaboration benefits are enormous and the only reason many don’t like it is because they would prefer to surf the internet all day, which isn’t cool. ... — read more 

Marine and dive crew wages not paid for a lot of people in the Middle East many not been paid for weeks /months in some cases no information from management in Dubai or Housten, complete Lack of respect for employees.

We need cubicles and privacy. I don’t like this new arrangement at all. They say we will collaborate better and that our productivity will go up. I say it will lead to increasingly bad moods. Of course they will tell us there’s the door if we... — read more 

There is rising speculation that Lummus bids are coming in at acceptable levels. Whether the banks let us off the hook is another matter, but it's a positive if true.

Leadership team seems to be turning over (SS, SA, SM). Technip cronies, what's happening? Wonder if we're about to see some even bigger changes.

If McDermott does file bankruptcy, what will happen to this big Cameron job about to kick off?

There’s the door !

We're going from future is bright to bankruptcy in what has to be record time. SEC is investigating the disclosures around Cameron LNG. I wonder if DD, SS or others will end up in jail for fraud. Whistle blowers?

https://seekingalpha.com/article/4307426-mcdermott-divestiture-progress-news-much-needed

Do you predict that there will be McDermott Layoffs 2020? Any news or rumors?

Hmmm. So strange.

To everyone but YOU! Clark Griswald would be proud.

Isn’t there some limited amount of time before shares can no longer be traded?

Date Stock Price 15-Nov 0.6 Holder Shares Date Reported % Out Value Avg share prchase price Nov 15 Value Loss Loss Percentage Blackrock Inc. 27,645,245 29-Sep-19 15.20% 55,843,394 2.02 16,587,147 (39,256,247) 0.70 Vanguard... — read more 

Houston Business Journal reported former McDermott CFO picks up severance bonus on his way out.

I think we're going to find out fairly soon what the other side of bankruptcy looks like. Life will go on.

I just heard about the existence of this website......This is hilarious. For the people on here who actually work with me at McDermott, they would know that our Executives just got stock bonuses. If our management team were planning on filing for... — read more 

https://www.upstreamonline.com/rigs-and-vessels/mcdermott-vessel-pair-briefly-faces-arrest/2-1-705313 Upstream reports Helix obtained arrest warrents on McDermott subsea construction support vessels North Ocean-102 and -105. Warrants were placed by... — read more 

https://www.wsj.com/articles/mcdermott-investors-lent-1-7-billion-without-knowing-of-sec-probe-11573603223 Nov. 12, 2019 7:00 pm ET McDermott International Inc. investors knew they were investing in a faltering business when they extended $1.7... — read more 

"I had the vision on how this could work." See! he IS a visionary leader...........