Former laid-off employee here. P66 management deserves this for the sh*t show
https://natlawreview.com/article/massive-6049-million-verdict-landmark-trade-secret-case
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BM in a town hall for commercial quote: “you have eyes, plagiarize”
@OP Has anyone had an experience with the GC or the Head of Litigation where you walked away from the conversation thinking they’ve got this? Every employee I know says the opposite. The head of litigation talks in circles about nothing and the GC is evasive and dishonest. Put anyone in Legal under oath and they would all confirm. Until there’s accountability, we as employees and investors should beware. More bad things will certainly come.
@cv actually we spend an obscene amount of money on “external counsel” on everything bc we don’t have the competency in house or bc we want to CYA, or both.
It seems like P66 is always trying to get by with something instead of just doing the right and ethical thing.
"PSX; mindset is to do it cheaply"
PSX in a nutshell.
@c2 Business Compliance & Ethics is a joke at PSX. It’s been continually downgraded and made part of another job and/or eliminated, and during the existence of PSX was only ever led in one instance by anyone who had any experience with investigations as well as properly treating confidentiality in due diligence processes very seriously.
Neither the prior General Counsel (PJ) nor KM, nor BM took controls in this area seriously. They all just wanted the cheapest possible “check the box” on this. Shell, BP, Chevron, Marathon, Valero take this stuff very seriously. Not PSX; mindset is to do it cheaply in house and just hire in high powered legal help when if you have a regulatory / commercial investigation or outside lawsuit. Stupid as he-l.
And now all can see the cost of that mindset. Hundreds of millions of shareholder dollars out the door all because a few ELT members simply didn’t want to spend the money for the big jobs with the right experiences and skills to give assurance. It’s madness.
This should surprise no one. It was inevitable. And will happen again.
That's a good point. Wheres our "what were they thinking Wednesday" on corporate espionage?
Where’s the “What were they thinking” email on this one?
Embarrassing and disappointing.
If this is not handled appropriately, it’s setting the precedence for further compromises in integrity.