If you could make one thing change, company wide, what would it be? If you could tell our CEO one thing, what would it be? Here's your chance to give honest feedback without fear of being fired.
13 replies (most recent on top)
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Remove EVPs and anyone else that makes over $5MM/yr, all-in.
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Remove most of the HQ functions and transfer a few high performing staff to the BUs, where thy already have those functions staffed anyway.
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Transform each BU into an independent subsidiary and staff them appropriately. Sell them if they can't generate cash at $45/bbl.
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Simplify the HQ function to just consolidating the financials of the BU subsidiaries and managing shareholder issues.... maximum of 42 staff... new rule.
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Select a new CEO that shares this vision, and has spent most of their career in a BU.
1) Reduce at least 2 layers of useless management.
2) Consolidate all types of engineering support in one group instead of 5 different groups capable of doing similar things.
3) Consolidate L48 BUs to reduce high level of management layers.
4) Next boom time don't hire as if you are on some drugs.
Far less management. Canada has more management than staff. Time for them to go with their big pay cheques. Quit picking on the young and the over 50 group.
Can you all make some money already. I know it's asking a lot when you barely made a profit with $100+ oil. But enough of this already. Either start being profitable or sell everything.
Shake up L48 at ALL levels. DH has had more than enough opportunity to turn the ship around and is clearly not capable; hold him accountable for poor performance. Redo all the orgs. Many are still over staffed for the work load while others don't have enough. Eliminate management layers. If company could demonstrate they are capable of making big changes it might keep some of the good folks around.
Fire all and every engineer in Texas.... they haven't hit oil in so long, Tired of seeing the millions lost every quarter! Starting to think Jed Clampett would be a better hire :))
Shake up l48 asset mgmt...some are too cozy with suppliers.
Don't overpay for Burlington when times were good. Don't sell it all back off when times are bad. Basically, think beyond the next quarterly earnings report and analysts opinion of the week.
Dont split from Phillips
Executive pay and VCIP. We're on the same wavelength. Agree about it motivating all the wrong behaviors. The performance ratings do the same. And yet our SPIRIT values suggest otherwise. Total smokescreen BS. And they wonder why we're not drinking their KoolAid
Executive compensation-it is criminal!
Also how VCIP goals are set and awards are determined, it motivates managers and staff to exhibit all the wrong behaviors
Don't invest in oilsands. And Canada needs some better leadership. The managemen here is just pathetic.
To start working out and try to lose some weight. He looks fat like a pig in his recent interview with CNBC.