Who is the worst one and why?
My vote is dragon lady Maria, she destroyed the soul of Baker.
15 replies (most recent on top)
Completely agree with the post below. The ones to keep an eye on are the ones JuST below the PL VPS. This layer contains the rot.
I was just let go from BH. I was middle management LPB doing an SPB's job and this is my take.
#3 - In every business known, laying off employees is cheaper than selling assets. This is true in every scenario. The equipment, buildings, inventories are all worthless. The only thing of value are the employees, therefore BH initiates layoffs to save money. Everyone does this.
#2 - BH will keep the unexperienced, non-people leader employees. These guys are cheap! OMLP's are cheap! Aspire's are cheap! Edison's are cheap!
#1 - I believe in organzation shuffles, aligning the business for common sense and success. I beleive the highest executive leadership is on the correct path, but they missed the busness unit executives. These are the highly paid old timers that need to go as well. With the dullest of emaginations, i think it could be argued that BU executives could be let go without parachutes do to lack of performance. There isn't a BH business unit that is an industry leader except for the cyber security folks. So yaaaaah to those guys. We can keep them. Every one else needs serious consideration, because i cannot hold everyone's hand while we cross the street!
I know both sides of the business very well. If i worked directly for the board of directors, i would start from the ground and cut all the way to the CEO's cufflinks.
And offer those savings for the highest leadership business intent.
So highest of the high, I'm speaking to you. In 3 months, no one will remember that you cut your knee caps off. But they will remember a legless olympic sprinter!
I initially thought this was a Baker board, however the author used "Executive Leadership" in the same sentence, which disqualified Baker immediately
How is UU ... ex slb
I was with GE and all managers were clueless. No idea what was actually going on in the oil patch. BH will continue to decline under GE leadership.
Just before BHGE, Baker Hughes share price was around $52. BHGE launched at $42. Now back as BH the share price is below $14. A loss of nearly 70 % in share value over just 3 years says everything you need to know. It is a tragedy.
I reject the premise that there is any “leadership”.
Maria's great... she is a kick in meetings. Have a bigger issue with the other GE dregs that get thrown in under her. I mean she was given the task to s— money out of OFS to fund the OFE, TPS and Digital projects... she did her job but the LNG kind has let ole top brass down and well yep here we are. But she did what they told her and we managed ok compared to competitors.
I’d vote for Maria or Kevin Asher worst two. One is evil the other clueless.
They are not clueless. Corporate America is a BOD supported Executive Country Club.
You mean the guy who looks and talks like a Bond Villian
They are all f***ing clueless. HR never shuts up about yoga, HSE is all COVID for office people, OFS is up lorenzo’s back end. OFE is a dying business, the CFO is a weasel, and Global OPS guy sounds like a typical GE jack-a$$ talking about pie in the sky ideas.
The more important question and likely the most difficult is, name a good one? Is there one that can actually lead us into the future?
Don’t forget the guy that sold us out. Don’t want to say his name, but looks a bit like James Carville.
Any of the execs with GE on their resume are f—ing useless and clueless.