Thread regarding Phillips 66 layoffs

Didn’t happen LOL

Bobsled Boy continues to spend while others are trying to rein it in. Transformation can’t help when it comes to stopping ELT spending. Nothing stopping that train!

6 GM’s in HR? Thought there are only 5 overpaid fools, which is still too many.
Now there is an L&D manager who’s self appointed themself GM / CLO. Makes sense since L&D is such a high performing group. HR did seem to get more bloated with no results. Seems like a good place for Elliott to start.

My lord.

6 GM’s AND an SVP in HR?

That’s pure theft. (unless 3 of them are needed just to administer executive compensation) 🙄🙄🙄🙄

In all seriousness……if HR got even MORE bloated……..just what the he-l did “Transformation” achieve?

Elliott will certainly take care of that, I would think. Anyway thx for the update.

6 overpaid fools - blue blazer boy- child needs to go away, now

Replying to previous poster: we currently have 6 GMs in HR

Re: High end HR Talent-

Yes-it does exist. And in my opinion, SR did bring in a couple of seniors, and some more junior project manager types.

And the really good ones with GM titles (I can think of two in the last 10 years or so) did earn it. Both had (one recently retired) or have global scope, are strategic, and not married to a segment. I do think those two would perform well anywhere, and in any sector.

Philosophically though - I agree with you. In spades. Relative to cost of those functional leaders. At one time P66 had 5 GM + level folks in HR (SR and four others). That was and is utterly ridiculous - and was not supportable in any way, shape or form in a company with the size and structure of P66.

Maybe three (if high quality). Maybe. More likely two (including the SVP) and a sprinkling of SG 18 or so in the larger roles.

High end HR talent! That is a thing?! It is a crime that we have GMs in HR making the same pay as running facilities and doing billion dollar deals. There should be very different compensation for a GM in HR vs the other functions. It really is common sense.

Re: SR (former CHRO) -

I think she meant well when she joined P66 , and was needed. In many ways she was a breath of fresh air to start - at least for her first 3 years with the company.

She brought in some truly different thought partners relative to high end HR talent through 2019 or so. And did attempt to change some of the pre - 1970’s thinking of certain members of that ELT (generally at the very top & the functional / technical leads).

Unfortunately like most other members of the ELT, she fell into becoming a robot to the above market compensation, which is how GG imbued loyalty to whatever agenda he wished to push through - fear of the loss of the best compensation in the market. It’s flawed, but it does work in the short term. And HR became nothing more than a conduit at that point in time; it should be more than that.

There was also another situation where bad judgment was used-as others have alluded to and is well known. She well and truly “made her own bed” relative to that.

Both (and others) likely compromised overall judgment relative to some pretty critical decisions relative to the human capital agenda, and muted her ability to be effective. She clearly didn’t intervene in some glaring instances esp. where people’s.career decisions and reorg plans made no sense & lacked logic, and seemed simply along for the ride most of her last 3 years there until her “retirement”.

She wasn't an angel. Very far from it. But I do think she meant well to start, and had some truly creative ideas relative to talent management. For whatever that’s worth.

We need Goff. Was a genius at marathon. Dump the rest of the leadership. The chief HR guy is a disaster. Employee morale is as low as ever and he’s not helping.

John Deere - I agreed up until "Uncle Tom." Why does every successful African American male have to be an "Uncle Tom?" Why can't he just be successful? Posterior kisser maybe, but still successful. Penny-pinching, long-term benefit ki-ler, definitely.

Things started going bad when Sonya left.
She was honest and cared about the working class. Maybe it was her upbringing. The new John Deere tractor guy is a true Yes Man, and Uncle Tom.

Sell out!!!!

There is no “listening to different perspectives”, or whatever that HR-esque EIA slogan espoused. (That is - unless of course that “different perspective” is completely and blindly supportive of the white Proxy card and the existent agenda).

You can see it from the reactions here from varied folks and in other media (particularly in the two LinkedIn posts put up today from a couple of senior folks). Using the hashtag #peerofone is absolutely a great example of it. It’s about as insulting to any shareholder’s factual perspective that P66 doesn’t perform well vs peers as one could get.

(Attempting to create one’s own segment when you don’t compete well in established ones is bold-I will give them that, I guess. But it’s also desperate).

Having respect for different perspectives is the last thing that this ELT and Board want - or have desired for some time.

Re: those mentioning the present SVP of HR; are they really worse than their predecessor (particularly given what that individual was engaged in before, ahem……..”retiring” for places far away?).

I’d honestly be up for Elliott trying to claw back some of that person’s deferred compensation / exec pension. Talk about distraction leading to poor performance. Energy In Action! (No pun intended)

I'd love to see Chris Chandler come back as CEO. Worked with him back in the day at LAR, and always thought he'd be a terrific CEO.

Probably too much midstream experience at this point for Elliott though

Let's not forget the Propel Fuels fiasco. Anyone found to be responsible for the Propel Fuels theft should be prosecuted for theft of honest services.

Any member of management—regardless of rank—who supported, proposed, endorsed, or approved the decision to outsource jobs overseas deserves to be held fully accountable and removed from their position.

Add MH in commercial to the soon to be retired list. Poster boy of all that plagues P66. Arrogant, alienating and unaccountable.

We can’t forget about the Human Resources VP.

I will add both SVP’s warning the chair and head of legal counsel who is giving horrible legal advice to GO GO. All ELT needs to be evaluated current group likes yes man’s anyone who challenges the status quo were walked out . What they preach seek different perspectives is not applicable to them. No one challenges no one in that group and board seems to be following same pattern it’s about time we clean this mess up .

I would also add the head of refining and investor relations will be added to the list. One for not pushing people and holding them accountable and the other for never adapting the message to the environment.

@cr+1jv8sx7dy I'll see your Ken Lay and raise you a Jeff Skilling

Re: ELT retirements - Step down date July 1.

I would imagine that the CEO and CFO go (or are jettisoned) first; protocol in these situations demands it (particularly given they they were the executors and architects of the present “plan”, respectively, and likely the two fighting against the Elliott plan the hardest).

Goff would be a good choice. So would Simmons (if he’d actually want the job).

You could also also lift a true sleeper such as Stacey Orlandi, President of Chevron Renewable Energy Group who also has CEO experience at Virent, and deep refining experience at Amoco, BP and Shell. Outstanding leader and good technician. Not sure that there are many folks outside Neste or VLO with her broad mix of conversion experience across fossil and green fuels.

Whoever it is, I hope they clean house.