Come on board, move!
20 replies (most recent on top)
DW just promised investors a strong dividend. He will be judged by stock price. Give him a few quarters. I believe their will be a desire to replace DW if there is a sense of uncertainty from him. Every large DW decision at this point is under intense scrutiny.
What I see form DW is a decent manager, VP whatever. When it comes to forward thinking I don’t see it. That is the very job of a ceo. The vp’s should be strong enough to manage their areas without ceo input. If they need him they can get in touch. DW needs to be looking ahead 10 years. If they haven’t hired a consulting team to study electric vehicle economics and what these companies are doing along with major oil competitors then I would say he needs to go tomorrow. That should have been done ten years ago! We have no idea what they are doing because no one talks about it. What they do say is that they think oil will continue to be strong in the foreseeable future.
Regards (just plain old regards no ‘best’ in front :)),
- Jack W.
The chemical division is the step child. Look at a compensation comparison between Oil and Chemicals. Look at how many leaders are pulled hem chemicals. The chemical division is not valued or respected. I understand that the margin is higher on oil. It’s just that the knowledge and some skills needed for an oil major are not bread in chemicals. The move can be made if someone did not grow up in chemicals and is only there for leadership development. Chemicals subsidize is all.
Unlike our current CEO, SVPs, presidents, etc., that ae just sunflower managers, bu-t kissing, Kool aid drinking, upward managing, id--ts. Lee Raymond was the best and the brightest and fortuntely looks and chrisma were not nearly as important in 1987 (?) as they are in todays woke, media society. Unfortunaty his biggest mistake was selecting Tillersen as CEO and the company has gone downhill from there.
Lee Raymond did not meet any of the criteria that was stated in the last post.
They’re aren’t going to bypass senior VP’s.
The way the person looks is important to xom. Don’t pretend this is not a very superficial company. I’m not being mean, that’s what I have seen time and time again. Jack is handsome and has that competent look. He also looks cheery. I could imagine the board wanting Jack for the image he portrays. Some of the other choices don’t have that look. One of the choices well he is just not handsome and appears even goofy. They will not choose that. You will never see a very heavy person as ceo, you will never see a person who looks down to earth, you will never see a ugly person there, nor you will never see someone who does not speak a certain way with regards to tone and intonation.
They’re aren’t going to bypass senior VP’s.
The way the person looks is important to xom. Don’t pretend this is not a very superficial company. I’m not being mean, that’s what I have seen time and time again. Jack is handsome and has that competent look. He also looks cheery. I could imagine the board wanting Jack for the image he portrays. Some of the other choices don’t have that look. One of the choices well he is just not handsome and appears even goofy. They will not choose that. You will never see a very heavy person as ceo, you will never see a person who looks down to earth, you will never see a ugly person there, nor you will never see someone who does not speak a certain way with regards to tone and intonation.
Trust me it’s just as toxic as the rest... I’ve worked here for 30 years for almost every unit at some point as a contractor or employee. This is the worst I’ve ever seen. Thankful for a couple more wake ups. Pray it improves.
Biggest mistake we ever made was bringing upstream into the downstream and vice versa, absolutely wrecked the company and many employees careers that had to work for those swapped arrogant, upward managing, Kool aid drinking, bu-t kissing, sunflower managing HIPOs that thought they were the best and te brightest of all. Woods and his band of merry men and women have trashed this company on so many fronts, it will require the lot of them to be wiped out and years to recover if ever. It is the story of GE and IBM. Unfortunately, for now, the HIPOs and the Board believe the solution is to retain the HIPO who are the best and brightest of them all, fire and wait for the rest to leave and replace them with offshoring, problem solved, what a bunch of self deluded liars and lovers and narrcists.
Jack already lost the race to Darren. Also, Jack is an upstream guy, but in Darren’s infinite wisdom he decided to flip the downstream / upstream guys because arrogant Exxon thinks they can plug their hipos in anywhere and they will perform (Regardless if they know anything about the business). They do this all over the company and it is a big reason for the company’s failures.
Long may he rein
“Warren Buffett highlighted the issue of choosing the wrong CEO. “It’s happened more than once,” he said. “Sometimes it’s a terrible problem to get rid of ’em. Years go by.”
Mr. Buffett also derided CEOs who, in his view, spin their messages to analysts and investors so much that they bear little connection with reality.” - WSJ
Would have to skip generations of useless mini-mes to find someone different. They are all cut from the same cloth of lies, deception, self-importance, and failure.
How about Dave Brownell, he is a sharp manager?
How about Ian Carr?
We'll have to ask our masters at BCG...only they know what organization lies ahead.
@1tdi+1aFUnkIO yikes... well I wouldn’t want another upstream guy making another 40bn poorly timed acquisition. Maybe Karen McKee since her business unit actually makes money and doesn’t have an incredibly toxic culture...
@1tdi+1aFUnkIO
Sorry to disappoint, but Duffin ejected most of the Projects org and then retired.
XOM will have Downstream leadership for a long time.
If any of the SVPs are “heir apparent” I hope it’s Duffin.
We sure don’t need another downstream person at the helm #failure
Probably never, I’d expect someone else to leapfrog him eventually when DW gets put out to pasture
- They will save face for Darren