With the massive profits the company is raking in, it might go a long way with the employees who have hit rock bottom morale to give an additional bonus. I know there's a f a t chance of that happening with MW ,but all of us who have suffered through his leadership should get an extra piece of the pie!
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lolz at "bonuses" at psg 24, 25, 26
It's not changing your life.
This place is a dead end.
The “additional bonus” is that they’ve not yet announced the next round of layoffs.
Yea they would rather give a decent CIP than give an increase to base pay, which is much more expensive in the long run.
Don’t worry the c-suite will wet their beaks and we will get the scraps, per usual.
Being fair. When profits rise, so does our CIP. Look at 2022/2023. Just hope safety does not tank us, as essentially we all got some extra. For all the critiscism on MKW he does generally come through with good CIP numbers. It may be self serving because he gets it too. But I dont mind because I get it.
Give us a company wide EOI instead
@da buying back stock at records highs, as opposed to actual reinvesting in the business, is not a savvy move. It’s financial engineering, and what short sighted companies do to juice stock so the CSuiters can get their massive bonuses. That’s money that could’ve been used for R&D, staff compensation, etc.
@a7 they are happy paying hundreds of millions to consultants to make the decisions they should
@dc
Do you see this watch?
This watch is worth more than your car.
Have you watched Glengary Glen Ross?
@cm
MW announced on CNBC they used the extra revenue to purchase the outstanding stock they used to purchase Hess. MW stated they have already repurchased 75% of the stock that was used for the Hess purchase. That was a great business decision because the future (Hess) revenue will add to free cash flow. Free cash flow allows for greatly flexibilty in a capital intensive business like Chevron's. People on this forum criticize MW, but his team of financial managers are doing a great job adjusting the business investments for the future of Chevron. Yes, I am disappointed they have decided to layoff the USA based workforce, but many American companies are doing this to reduce costs of labor and increase profits, so Chevron is doing what the market is creating. Wall Street is about profits and the workforce is just a line item in the balance sheet. This is the new labor market in the USA and other western countries. Unfortunately, labor is a commodity and as much as I dislike the term "AI", technology advancements are changing the workforce.
Tell the one about the fairy princess next!
Gotta increase the almighty dividend first.
So much winning!
Zero chance for regular employees, but a big bump for executives.
Because they could give a sh-t about morale. The leaner, meaner chevron don’t care about feelings.
100%. whats the excuse not to?