Look at BKR's balance sheet. $34 bn to $18b in one year, 2020. Down another $1 bn at the end of Q3. Wrong direction! Banks don't like to lend money to companies that are under water. What you waiting for, a visit with HR?
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The executives seem to not be worried with these numbers. Why should we?
They are partying because they got huge bonuses get over it. Profit or loss they still get a bonus.
Couldn't happen to a better group of executives
The blowing part by Directors and VPs are nothing new......been going on for a long time and the results reflect it.
I'm no accountant, or even an actuary, but it simply does not look good for the common person in this system.
Bad optics for sure.
Back at HQ the directors and VPs are high-fiving and blowing each other saying things are good.
Meanwhile operations is getting slaughtered.