Thread regarding Exterran Partners L.P. layoffs

See Enron the smartest guys in the room documentary...

History of Exterran ... History

Exterran was formed in 2007, yet the company’s legacy of industry leadership goes back more than half a century. The merger of Universal Compression Holdings, Inc. and Hanover Compressor Company formed what is now the industry vanguard in capabilities and expertise. Having the most diverse combination of offerings and the largest global footprint allows us to serve clients like no other company. Our history is rich with accomplishments, and we feel we are just getting started.

YES HANOVER, which at one point was 20% owned by guess who??? ENRON

Mr. Brad Childers took one relatively solvent intact company and made two crappy companies out of it. I do wonder why he was so hell bent on this split though. When he was running Exterran as one company I actually thought he was doing a good job, but he seemed determined to split this thing up, and I don't know to what end?

Exterran was created by Enron! Its original mission was to exploit the water market in the same way it exploited electricity. If you feel cheated as an employee, the chances/risks are that you ARE being cheated--as will be the customers and stakeholders.

Splits are usually done so something can be sold off. Reduced overhead in the form of layoffs make the entity to be sold more attractive to a prospective buyer.

The oil crash hurt the company. Not the split. If it wouldn't have split we'd be in the same situation with the oil prices where they are. Better or worse slightly? Who knows. But it would still be in the crapper.