I think MRO needs to stay strong and keep its original identity and forget about the new building. What needs to do is focus on what made MRO,...MRO.
What made MRO strong? What made MRO survive all these years, MRO does not need to follow the footpath of other crumbling companies. MRO needs to stay truth to it core values, it employees and stand up strategically for what needs to be done!!!
Its time!
15 replies (most recent on top)
What groups have the layoffs started in?
Talk about waste, how about the Bakken Asset Manager regularly taking the company plane to ND as opposed to a commercial flight. Layoffs have already begun and more to come. Actions like these are examples of a leadership acting with disregard for stock price. This affects your restricted shares.
Which car did you take through Whataburger drive thru, Ford GT that you bedded for on Youtube? Did you wear your driving suit?
Was gonna buy some stock while it was so low, but decided to whatasize my lunch today at Whataburger instead. Think I made a sound investment choice.
Quick, someone get the jet and fly to NYC to ring the closing bell.
Will marathon even last long enough to see the new building completed?
It will be difficult for Lee Light in the Loafers to justify a new building on $3 stock, which would have been $10 stock right now had the company been competently managed over the last seven years. When, oh when will the BOD do the right thing and dump him with a great flourish of press releases?
I used to work at Southwestern Gas in their new building. There was some tax structure Southwestern used that made the new building cheaper than renovating their old space like a rent to own. I think Marathon is using the same structure, which would be cheaper than renewing the Tower lease.
All hat and no cattle? How about all driving suit and no driver?
GE lead the way in the 70s with buying properties and leasing them back to itself, as shell companies. And writing it all off as cost of doing Buisness, esp. with regards to government bids. When the brown stuff hit the fan, sold off segments, sold off IP, sold off people (which never goes well, senior experts jump ship, take packages; force moves of employees usually results in 30% loss because people are not as mobile as equipment). These boys and girls are only just beginning to learn the sigma-6 black belt ca-ca.
The same way you cancel a new offshore rig in progress. Have the lawyers talk our way out of it. dumb-s
The new building epitomizes what’s wrong with marathon at the moment. All hat and no cattle as they saying goes. If they could back out, then they should. I’m afraid that ship has sailed though.
Management is more concerned with appearances and buzz words and being viable rather than making sound business decisions.
Permian should have never been bought for $2B, but “they” wanted to make a splash. Unfortunately, they dove head first into the shallow end of the pool.
Build more new buildings and obtain real estate licenses for certain groups. Then have those groups leasing space to other companies to create real estate empire. Take data and have analyzed by data analytics group on way to real estate empire. Probably more successful than current plans. Buy back shares in new real estate company at first opportunity.
Well, you could break the contract and let your lawyers handle it. That is possible, but whether that is the best course of action? I have heard Marathon used to own Marathon Oil Tower but sold it. I guess tax purposes may favor leasing versus owning with deduction versus depreciation, but I always wondered if that was a smart long-term move, and the answer depends on the sale price and other facts we do not know.
So how exactly do you cancel a build in progress? dumb–s comment