Now our brilliant leaders have filed to begin the process of selling an NGTL stake. Who put these guys in charge? Sounds like a real bright idea… they are running the company into the ground.
16 replies (most recent on top)
No cash left to severance people?
Time for Board of Directors to get together and do some changes for the company's prosperity and well being of its employees
This outcome was predictable for anyone watching the succession of CEOs. It started going downhill with Hal's departure. Russ and his C-Suite were a bunch of do-nothing political vultures propped up by their investment/accounting friends. Francois brings his Bay St. view and his failure to build the company has resulted his only way of building the stock price for investors is to follow whatever the Street activists are pushing. Typical MBA. And selling off Keystone was visible in 2013 when they isolated and heavily siloed the liquids BU. They all deserve to be turfed.
Need to appoint more “internally developed” team leads, managers, self proclaimed “senior managers” and vice presidents. There are not enough of them yet to manage the company out of this mess, need to add more layers!
Time will tell but so far CEO is handling all poorly. We are lucky energy prices are ok. But corporate culture, org effectiveness is horrible.
I guess it’s all about who you know. Or likely in FP’s case, who you bl*w.
If FP's Linkedin is true about him being the VP of Chase three years after graduating, it really reinforces how corrupt the system is. I've heard that his family is super well connected, and at least one of his siblings has been a CEO.
We all know many people are basically "gifted" high-paying jobs via nepotism. With a bunch of inexperienced 30-something directors and VPs running the show, we are being led to our doom here.
I think it’s the BOD that’s the problem. Need a total overhaul. We should take their elections more seriously.
Ever since Francois took over this company has been on the down hill. Benefits cut, pension plan downgraded, flex days gone. One may argue that he is looking after shareholders given his background, but even that argument is no longer valid as the stock absolutely ranked. BoD better start thinking about changing things soon before TC starts bleeding off more assets.
CEO is showing questionable biography on LinkedIn. In 1988 he received bachelor degree from U of Ottawa and in 3 years he is a VP of Chase? Sounds too good to be true. Investment bankers should not be allowed to manage pipeline company. Doctor must treat patients, baker must bake, banker must do the banking. Period.
If our CEO is such a brilliant investor/capital allocator/ whatever he claims was his background before getting gifted this job… why the heck would he come here even for the overpaid $10M salary he is getting. The truly great money managers, investors etc can make more than that starting from small amounts. Based on his decision quality to date, seems maybe he’s over his head.
Lol - what a dumpster fire.
Selling is easy, improving the process is difficult and that is what our “leaders” lack
CGL executives are “leaving”.
Maybe CGL losses are worse than they are disclosing.
So sad. The good days are over. Selling the jewels if the crown to pay for the CGL overruns and poor management