Oil is $84 a barrel and we have been cutting costs for over a year now. Hurricane IDA had an impact but LT has already started tempering expectations with Wall Street and talking about our bad year. Is this years BPF going to be artificially deflated to help fund buybacks and other non-employee benefits??
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I got a nice Q2 1.49 BPF for my lay off bonus end of Sept. The best bonus multiplier I've had in years!!!
Along other comments, will echo the same theme - f*ck Shell!
Man, fu-k Shell
Yes, let's see: Q1 1.54, Q2 1.49, Q3 1.38 ....in the midst of multiyear oil price highs and asset divestments. Makes sense... So glad that I will no longer be an employee of this misguided, poorly led company soon. What a crock of sh-t
I suspect they will use the as----------n incident in Nigeria as a means to suppress the BPF. I’m not “pro divestment” but we really need to exit that hellhole
Who do you think has most to gain with a big fat BPF ..... no, they will pay themselves as much as they can get away with .....
I remember after 2019 when targets were exceeded the BPF was reduced to 0.4 in what seemed like a completely arbitrary move. The performance incentive is dedtroyed when leadership just seems to pull a number out of thin air
LOL I remember when Voser was CEO. All targets exceeded but he reduced to .7 because he thought we could do better. That was a year of layoffs and the next year he gave a 1.7 to those that survived.
Yep. I remember seeing years when we slayed the goalposts, but the CEO still cut the BPF because of "safety" or some other bu-----t rationale. Also, many of those being divested in Q4 will receive a bonus based on Q3 business results: even more reason to fudge the performance numbers.
Yes