Is there even an idea of where’s the bottom we have to reach in order for a nicely compensated top to actually put some effort into coming up with a new strategy and at least try to turn the ship around?
9 replies (most recent on top)
@3pnx is spot on. Chevron's problem is that its leadership comes from within, so there is no chance to 'fix' any problems, only pass them on to the new generation (EB, etc.)
MW and his party of exec and vice president ponies have no vision. No idea of new energy business, zero strategy and tech dev experience. The only exp the group has is running MCP longer than schedule and over budget. These folks call themselves leaders and their mistakes are glanced over and jobs secure, whereas the rest of the employees have to go thru reorg. This brown nosing su-k up behavior including ces survey needs to stop
Exxon will sack them all after the merger.
MW has to go!
Suspend all LTIP for 28+ in 2025. Thereafter award it only if business plans are delivered. Ding them below level grant if CES supervisor scores and employee satisfaction are low. That might do the trick. With all the money saved, layoff less people.
I think I've been banned from commenting. This is a test.
Hit the nail on the head. These are people who would back charge their kids for thir weddings if they were widowed. Term limits with obscene bonuses if they reach ambitious targets is one idea.
The BOD would have to act. As long as the dividend and stock price remain where it is. You have two choices. Stay or leave.
Very hard to fix bad leadership since it would require good leadership to do so.