If Ben hadn't retired and was still CEO what do you think the company would look like right now? Much difference?
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Ben is a big part of castrating us as a company and kissing Greta behind. We sold the Permian for Pennie’s on the dollar, we starved good BUs and blew money on green new deal garbage.
If Shell hadn’t bumbled its way through every major decision of the last decade, would there be layoffs right now?
Ben sc--wed Reshape. We were 90k people around 2020, Reshape cut around 8k. Then in 2022 Shell had over 100k staff (!!!).
Most increase was due to green projects that cannot generate sustainable profit and have returns below our cost of capital
Ben would have been more reluctant/less aggressive in making course correction. Wael has simplified and restaffed the EC. Cost cutting is a short term fix which distracts from the fundamentals of strategy and execution
Ben would lay everyone off except himself and his cronies - the worst CEO in the history of Shell
I think most shareholders are glad Ben and ‘purpose without profits’ are gone. Hope Wael is successful.
If you are tired of this mess contact your representative and tell them to do something to stop the constant outsourcing. There will be no American jobs left except upper management unless something is done. It only takes a couple minutes and we should at least try...
https://www.house.gov/representatives/find-your-representative
He did his best to drive the company into the ground with all his green non-sense. Wael isn’t perfect, but he’s much better then Ben IMHO.
He put us in this position while competitors leaped over us.