$50MM in 2024 alone? More?
How pathetic to work for a company that relies on BCG in 2020 and the McKinsey in 2024 like it will be any different. Go post on Glassdoor how pathetic this company is and how terrible it treats US workers.
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Yes. When you have to rely on a consultant firm made up of green MBA students to run your company because your management is made up of PowerPoint jockeys you have issues.
We knew what their solution would be the moment they started poking around.
Been there, done that (Unocal)
If you look at Glassdoor. Chevron was listed and in consideration for next places to work. You see the years go by and then between 2016 and 2019 the ranking goes to the lowest and no more years recorded. MW came in 2018. What does that tell you. MW did not save this company. He is the captain of the sinking ship
If McKinsey had the plan, should their CEO be ours?
The singular outcome when the board and CEOs are as clueless about the fundamental business of oil extraction and processing as the consultants. It's a circlej--kof passing the buck. I mean look at the credentials of the board for ffs.
Given the target savings of $1 billion, a $50 million fee is around what most consultants would charge. Some might push for a bit more. They NEVER sell it in terms of hours billed but a fraction of the savings so it looks like a bargain. The cost for the total hours they will spend will work out to something like $5,000/hour roughly.
https://www.glassdoor.com/Overview/Working-at-Chevron-EI_IE13524.11,18.htm