Schlumberger CEO Paal should never get stocks. He become a shareholder, a share holder doesn't care about how they do their job rather than make me more money.
Stop CEO and his higher up workers including Operation managers, sales team and maintenance managers from buying stocks. Schlumberger will change quickly.
Yes SLB will change quickly. For starters Paal would be gone. Shareholders own the company. Shareholders only care about the value of their stock or what they think they can sell it for. Paal gets most of his compensation through stock options because this is the carrot that best suits the interests of Wall Street. The fundamental problem is greed. Some day Wall Street will have gone too far. The rich will retire to a safe little island somewhere and we will be left to fend for ourselves. Erosion began in the 80's when the US converted to a service economy. Then somebody figured out that outsourcing services was cheaper largely because of the internet. If SLB management were not motivated by the ticker price, things would be better for the few remaining and yes there would be even more layoffs. Right or wrong, this is the life we have allowed to be created. I don't have any SLB stock BTW so no dog in this fight except that I agree with the OP's heart - just not his/her brain. But I always follow the heart.
There making massive reductions . . . to stay alive.
https://www.youtube.com/watch?v=TFOhZ1W-aXM