What's going on with dillusioned Expections from Mr. PK? I really wonder how can he graduate as petroleum engineering, it is a shame.
3 replies (most recent on top)
Middle managers, teamleads,lots of back-office , expensive for no reason idle employees.
Only way to the light.
SLB has a $2.1 Billion cash shortfall as they need to conserve cash for dividends and stock buybacks. Unfortunately the knuckle head Finance guy in Cameron (K.F.) thinks CAM can just use existing inventory to meet customer needs without having to place POs and buy parts.
Um jackass our business is not Wal Mart or Hershey...cutback on purchasing and we can't sell sh-- to customers because our existing inventory is crap and for equipment that is outdated.
Want to save cash?
Cut out the army of middle managers you have. Your bottom tier employees are the one's that make sh-- happen day in and day out.
As far as slb doesn't issue warrants, let alone buyback.
I am afraid they are thinking of raising cash.