Last few months have been tough. Now that things settled down a bit, I hope we get a few months break.
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Layoffs will continue until morale improves!
Wael had very sharp elbows on his ascent. He wants people as ruthless and psychopathic as himself, like looking in a mirror. Our company is definitely on a downward spiral.
One thing we are good at is generating shareholder value: Shareholder distributions for the quarter totaled $5.7bn, with $3.5bn in share buybacks and $2.2bn in cash dividends. We were rewarded with a 1% bump in stock price when announced. Shell CEO Wael Sawan said “Today, we announce another $3.5bn buyback program for the next three months, making this the 12th consecutive quarter in which we have announced $3bn or more in buybacks.”
Cooked
Wael won't be happy with just one round. Once the dust settles and a lookback is done....prep for the next one starts. Will likely use an M&A move to trigger it (BP perhaps ?). Thats his playbook as EVP Deepwater ("Fawkes") and Upstream Director ("Avanti").
Prepare for SPRINT2 next year. Good times!
Not so fast OP, the new organization of DSW gets finalized this month, just before Thanksgiving and Christmas.
If we buy another company, buckle up buttercup
Happy holidays…… oh, by the way…..
Nut up.
New Year - New Rally. Extra buybacks cannot come out of thin air