Thread regarding ExxonMobil Corp. layoffs

Arrogant, overpaid Darren Woods hates Americans and desires to keep Americans enslaved under the thumb of the Paris Climate Accord. Woods who's undeserved annual income is $20 million, but it's not enough for him. He wants to see Americans suffering under expensive gas prices. He's the greediest, most elite, globalist, American population-hating weasel I've seen since George Soros. I am embarrassed to say Woods is actually an American.

@fkjgx+17Pe8iY2

Bethlehem Steel is a "textbook" example of a corporation that promoted employees to senior executive ranks in-house. When the business world was changing, the Bethlehem executives continued to have "tunnel vision" because no one at the senior ranks had any external experiences.

I am personally glad to see that we are hiring senior executives from the outside. Very few, if any, civil engineers can be trained to be the chief financial officer of any corporation.

Darren Woods is an arrogant little monster. He needs to lose at least his job. How about an award for contributing the most to climate change in2024.

Healthy corporations bring executives in from the outside on a regular basis since outsiders understand how and where the world is going. Only in the last several years have we bypassed our internal training and promotions to executive level by appointing outsiders to "Chief Financial Officer", "President of Global Procurement" and "President of Low Carbon Solutions".

We are finally admitting to ourselves that it is extremely difficult to train an entry level "civil engineer" to be a Chief Financial Officer someday. Diversity and outside ExxonMobil experiences at the Executive level is why corporations make better decisions long term.

Darren Wood is just implementing the long term playbook that has been developed as we transition to a sustainable world using outside consultants.

WTF

The Earth is flat too.

By any and every measure that can be used to evaluate the performance of a CEO, DW should PIP himself.

As an Exxon retiree, I agree with all the above comments especially about the ranking and “fast track” process for golden boys (and I do mean “boys”. Darren Woods is more of a loser than his predecessors. I hope the new board dumps him. Btw, we always called the company the “double cross”. Politics more important than delivering results. .

OP: Accurate description of the worst thing that ever happened to ExxonMobil.

Typical product of our incestuous management culture that identifies the winners soon after they are hired, and spends the rest of their careers moving them around from one guaranteed successful project to the next fast enough (like 6-18 months) so that the consequences of their actions can't catch up with them. Once on the track, you can't fall off, no matter how badly you screw up: the rest of the cabal will protect you because you are one of their own. And no one new can ever break in that club. And they advertise this incestuous cronyist system as "meritocracy". But now reality is catching up with them - because inefficiency of this scale needs high oil prices to thrive - just like any other oil kingdom/ dictatorship around the world. Grandma better switch to Aramco stock - at least they own the spigot.

DW has no followers. EM has never seen such a big –short (height) loser. It is product of bad EM culture for last 25 years. Yup yip yippie

Really? No down votes? Where’s the blind loyalty!

I wonder if anyone in the management has the talent to have an idea, start a company of their own and be successful! That is the true sign of talent - like all the creators of great companies have.

Joining a company and rising through the ranks means something but not a whole lot when compared to those great ones who created companies including JDR.

That must be why he didn’t come back to campus since February, fuming over his loss and mad his employees dare wfh in the midst of a pandemic he didn’t see coming...

He bought XOM stock right before COVID? lmao that's unfortunate but I'm sure he still sleeps well. The man really is a clown. Only at XOM could a manager, not a leader, become CEO

Maybe he could start a hedge fund? He made one of the few insider buys of XOM stock at $59.86 in February. Seems to have had a keen eye for the impacts of covid on oil demand and how it would impact O&G Companies ability to continue high capex and dividend payments?