Thread regarding Pioneer Natural Resources Co. layoffs

SS took the easy way out. What we should take from this is there will be hard times ahead and he wanted to let XOM ride that out while he relaxes in retirement.

SS talked the board into taking the deal for his benefit- $$, yes, but more so ego. Look what he did to Tim Dove the last time SS ‘retired’- and if you weren’t around then, ask someone who was. SS’s ego won’t let anyone else run PXD but him. To add to that, he now gets to say the penultimate accomplishment of his is not only ‘building a company worth XOM buying’ but he gets to sit in XOM board as his crown jewel. This was a bad deal (low premium) for shareholders; a stomping on the necks of employees (WELL below average severance- that’s another topic); and crippling for the communities if Midland and Irving. Other EC members are saying “this happened too fast”, and those of us who have built our career here were lied to by that man, over and over again. Suddenly everything he preached about our one-basin position was wrong and we need to sell right now?? Please.

Maybe SS had to take the deal to have the company grow