It sounds like the company is doing extremely well! I’ve been working for Denbury for a long time! I am financially struggling! Losing the LTI and several years with no raise were a financial hit to me! I hope the board will keep in mind that many of us “normal folks” are not living the large life of the executive and management teams! Don’t we deserve to prosper from this good market as well!? We suffered during the bad market but stuck it out! Please do the right thing!
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CFO drives the company into bankruptcy, comes out on the other side unscathed. How? He can’t deal with women, won’t look them in the eye. The creepy factor is off the charts with this one. Glad his groomsman (IT leader) at least is gone. Took the ick factor down by 20%.
They want you to be struggling so you can be kept on a short leash.
Oh yeah, management is truly concerned about your financial struggles.
When is “the future” aka CCUS going to start contributing to more than just G&A burden? Haven’t seen that BU’s contribution on the income statement yet. Yes, the company should be keeping up with inflation so employees real wages don’t continue to decline. It’s the right thing to do if you truly adhere to the Denbury Difference/Way
That's a terrible excuse, we have filled middle management again once oil came back up. Need people keeping the oil coming out of the ground not looking at KPI all the time. Carbon capture is the future but you better still make oil until the future is a reality
They are not going to hire more in the field because that is no longer the focus of the company’s strategy. It’s not smart to over hire, I know people who do nothing but collect their check.
Guess better to have the people if you need them than to need them and not be able to find any. Now just need to keep growing the business to grow into it and justify it
They may have over hired in some of the areas but field wise, we are in dire need of extra hands.
They’ve already overhired. In Plano at least.
Other major corporations are giving a 4% cost of living increase so I would hope that!
I get it that G&A costs factor into our bonus equation. Personally, I would rather take on more work rather than have Denbury overhire staff (again). The new hires they make are gonna have to be paid more than current staff to be competitive.
Probably another 2% is all thats in the budget.
Better not be low, he was promoting raises for the 2 previous town halls, but he never mentioned any thing in the last one. So who knows.
What about raises? Are they going to be low like every year?
Idk the Chesapeake CFO coasted through bankruptcy and then was names CEO so seems like a theme
Why do some employees still get an LTI and others don’t?!
They did until the overspending and bad decisions caught up with them. Hate to point it out, but most of the leadership hasn’t changed.
I’ve never seen a CFO who made such poor decisions coast thru bankruptcy untouched and rewarded with new huge grants of stock.
Caring about the stock price would've been nice with the previous leadership
Very true. Their only concern is that stock price. Quarterly earnings are the only thing that is talked about. The cheaper the staff the better. They don't appreciate knowledge or experience one bit. I was really hoping for a buyout....
Denbury doesn't care about you or employee moral, the sooner you realize this the better off you'll be. I stuck it out for 9yrs before jumping ship. Very happy with new company/job.
You got an amazing 2% cost of living raise this spring. Thats all us minions get and we should be oh so greatful!