Is it just me, or (1) does the linking of “here’s your annual bonus for the year, thanks for your work and dedication” with announcing layoffs callous and tone deaf? (2) the SVP OF Strategy, Commercial, Sustainability & Technology is the most callous self-centered narcissist I’ve ever met (yes, I know him, and have worked with him), does the fact that he’s gotten to where he is cause anyone to think about our “leadership” decisions?
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It needed to be said. Everyone already knew. Made no sense to hide it.
$People/bbl metric is heavy in Canada and even worse if you look at the $cost/barrel value metric. Somewhat improved by the devalued CDN to USD ratio.
A 10 year AIM case doesn’t get done with fewer people, less effort, and less “checking”. This is one thing that needs to be squashed if we’re serious. Otherwise, we are talking out of both sides of our mouths.
With stress levels on the rise it’s important to sit back and take a second to realize that it’s you; you are the carbon they want to reduce.
It will also su-k for those that remain as there will be the same amount of work to get done, but with less resources.
The piece we are missing here is process change. Make things easier to get completed (less red tape /bureaucracy). That is what RL said, now it is up to live up to that.
‘Random dude’. lol. Okay yeah - pretty sure ‘that dude’ is not worried.
- I don’t think it was tone deaf, because everyone expected an update, especially after the Chevron announcement.
- This company constantly swings back and forth on valuing IQ/EQ. AOB is a shrewd bean counter, but very good at what he does. He’s at the opposite end of the spectrum from where DM was.
This is the lens he will be looking at Competitive Edge through. And JC, heading the project up, is very much like him. Not cruel, but high IQ/lower EQ, and she will be laser focused on comparative cost. On a people/barrel basis, where are we heavy?
Most people know even without the update: 1. The former sacred cows (Safety, Process Safety) 2. Support that NextGen supposedly just made easier to automate (HR, Finance, Procurement, etc).
My guess is we’ll be a company of less than 9,000 by year’s end and the company, it’s leaders and all shareholders will all be the better for it. It will still su-k for those that are let go to get there though, so anonymous or not, choose kindness.
It did feel like a strange time to discuss this. But I would rather have the transparency than seeing folks walked out of the building without any warning when layoffs do occur. I think there was probably a separate forum where the CEP update could have been given. Was a bit of rain on a sunny day.
I think RL does a great job despite some flaws. You have to admit that our company has been quick to make some strategy messaging that has been taken up by the greater industry after COP implemented it (lower for longer, capital discipline, consolidation)
That random dude that said how Ryan has been leader for a long time and how every 5 years we loose our competitive edge. Yeah that guy just ended his career.
He is truly that bad doesn’t really know much and only plays office politics. Plenty of better candidates to replace him too
- You sound like some kind of DEI crybaby - did it hurt your feelings that we may have layoffs later this year? I find it refreshing to be spoken to like an adult instead of whispers behind my back. If you are unable to deal with hearing bad news, you might as well leave now.
- I don't know him, so can't comment on your opinion. But it is not uncommon for people who make it to senior leadership positions to have a personality that rubs some people the wrong way.
You must be new around here. Leadership has been tone deaf for at least a decade.
While the directness may be refreshing, AOB is long overdue for a flush and refresh.
Harden up. The directness is refreshing. Over-conservativism in risk, bloated org structures and cost runaways are there to be seen.
Spot on on both observations. Add to that description: arrogant, unqualified and untrustworthy. Thought we shut down that BU and sold those assets years ago. Send them all back across the pond. They are way over represented in our management team. We have more than enough truly talented people here to fill those coveted positions.