Today's earnings release performance was a CLEAR indicator that the board has lost its way. MW just doesn't cut it any more. EB was a disaster. It's time for a board refresh and for MW to move on. He's old. It's ok to move on. Doesn't look like any of them have what it takes to turn this ship around. I was hoping for an activist to show up to help clean up, a la XOM, but alas.
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I have been at the receiving end of the DEI (women) mafia. It was discrimination of the highest order. no man was sparred, white, brown, yellow. there was a clear signal that men need not apply for this leadership position.
Let’s hear the EB stories @de+1jjz678xw !
Agreed MW shouldn’t have handled the CFO job as a “development” role. Is there not someone from within Finance that has the chops?
MW, MN, AW, the whole ELT team is a joke. Of the downstream loss, how much was contributed by a single country down under, called STRATEGIC, due to bad decisions? Staff lose their jobs, motivation all time low. The company has lost its admiration and morality thanks to these bunch, who are laughing all the way to the bank.
I worked for EB too. Have some crazy stories to tell. Just waiting for the right time to tell )))
@ah+1, we call out white MEN all the time for incompetence… see the entire board reviews of MW and MN for proof. We gave EB the benefit of the doubt - until yesterday. Clearly a DEI (“didn’t earn it”) promotion.
I worked for EB. She is a nice person, but she is not very smart and capable
@ah+1 I would argue back in the day, although it was very brutal to fight your way up as an under represented class, it was definitely a badge of honor. For example, if I saw female executives, it was pretty much no questions asked that she was a bad a-s. Now the exact opposite is true.
MW is wholly under-educated for the role and the failures should be on his shoulder. But they aren't failures as long as they get paid. Cut bonuses. Outsource 9000 US jobs. Take a loan to pay dividends. Approve $79 billion for stock buy backs. The whole board is a joke.
@ae+1 After all, it is a given that all white men are competent, no questions asked - see MW for example. Everyone else is assumed to be incompetent and must prove themselves beyond the shadow of a doubt - and even that might not be good enough.
@a1+1….it’s called DEI. Qualifications don’t matter.
We need exxons cfo. Eb is a loser.
As long as he was CFO, PB was a threat to MW. EB will never be seen as a threat to him.
Barking at the wrong tree
How could a company of Chevron's scale appoint EB as CFO? Anyone can handle that role when the market is strong, and conditions are favorable. But when times were tough, we needed a skilled CFO who could navigate the company in the right direction and MW !! A great leader cultivates more and better leaders. From a leadership perspective, Chevron looks hollow—what a disaster MW.