Glad to see these directors resign. They are just hedge fund managers, don't know squat about running a natural gas business. They are cry babies -and bought the stock high and now are bag holders. It doesn't even matter that much, because they own a basket of companies, they where just trying to save face. Although I am not thrilled about the way the layoffs where handled, it Became clear that ET was not the right partner for Williams , not because of the lack of syngeries, but because the owner of Ete is a $$$$$&&&.
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Bye bye dic---adS. I hope those a hole directors get it right up the asssome day.
You heard correctly.
No surprise there.
Coincidentally, on top of that I heard that the vast majority of those employees were over 50 years old.
To "it wasn't their fault!" - Never mind the merger, what about Williams upper management's calculated and utterly biased disposal of the multitude of hard working, loyal employees that actually maintained Williams core (tangible) assets? It's time for you to grow up. Like the last post said - Sorry, but there is no Santa Clause. Make no mistake, those employees were sacrificed at management's discretion, solely as an attempt to replenish Williams coffers in order to cover for their PREVIOUS numerous poor business decision's and miscalculated "deals" that Williams corporate management made PRIOR to the merger debacle.
It wasn't their fault! They didn't want a merger in the first place!
The last place the cuts will start is at the top. Sorry, but there is no Santa Clause...
I don't see it. Alan is back in charge.
I see another round Of cuts, that is way it usually happens and maybe a spin off or two to pay debt down.
I say it is business as usual, for perhaps many years, natural gas prices are coming back and that will float the company indefinitely.
Get ready for the second half of the showdown in the executive suites. The next round of cuts is going to start at the very top.