Thread regarding Shell Oil layoffs

Time will tell - how long ??

The man is going to be a world leading case of how to crash a company. Forget Kodak, HP, Boeing this is the big one.

Another clueless suit. They permeate the organization now more than ever.

Despite being the 'commercial' type, does not understand how the markets work.

Does not understand how to organically grow the business.

Directs cost cuts, but does not understand where costs should be cut.

Emphasizing "IRR" -- LOL!! Amateur.

Similarly, what does the EVP of deep-water even do? (Takes credit for subsurface's recommendations)

Anticipate that he will push for a major acquisition simply to establish his own 'legacy'.

Proceed with caution.

His golden parachute is strapped on and is on the edge of the aircraft’s doorway

Yes, he does not seem to be into technical details of Upstream or Downstream. Perhaps he has an appreciation of LNG. He just operates with a project/commercial viewpoint and prefers to be surrounded by people like him. No idea of his dealmaking ability or relationship with industry peers and the board....hope he is well regarded...time will tell.

He is trying to whip the organization into shape and that seems to be the only play he has. Was expecting more of delayering, elimination of roles which mostly serve to uphold/enforce shell "processes" and exits of shell old timers/career expats/local mafia chiefs etc. What's happening is more of churn and bottom line staff reduction - will still be a middle heavy organization.

I don't think he sets a good example for broader staff with his "ruthless" approach to improve shareholder value and his rapid ascent up the corporate ladder. Andy Brown seems to have given him a lot of wind beneath his wings. Shows how important having a good sponsor is at Shell.

Wael’s business and commercial skills are outstanding. Sometimes I wonder if criticism of his communication skills is the country club’s displeasure with his message rather than his ability to communicate. I do wish he would reflect on the composition of his EC and if there is enough technical and operational experience to complement his strengths.

Very very ambitious and have to give him credit for the drive/everything else it took in becoming first non-UK-NL CEO of Shell. But he seems to see and run the business in a McKinsey way - a set of blackboxes which take in and generate cash. Chasing stock price improvement relative to others is a very shallow goal especially when bulk of movement comes from commodity price cycle.

He also comes across as a bit full of himself and a bit disconnected with folks who work the bottom line. I cringed on seeing some of his intro videos when he was becoming CEO (20 questions with Wael etc).

Sh-t communicator who has lost the room. Fuzzy vision and clearly a hatchet man, continues to offshore more work to India despite the quality and delivery being poor. Staff can see through this, no way he can pull this back.

Had some interactions with him when he was in charge of deep water and it was pretty obvious he had no clue about how the business runs. Totally clueless about how wells are drilled, how to develop a discovery, etc.

Bottom of the barrel CEO with a share price target will not make for good leadership.