When the lawyers are biting at the bit to prevent a merger but it goes through anyway because the board and largest shareholders all just want to save their a$$es.
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What that poster said, 2 bankrupt companies cannot save each other. In 5 years, wait for it, implosion.
A lot of people incorrectly ASSUMED MD would all remain in leadership, and that CBI would eliminated, Wrong. Wait till the next layer is announced.
When is the next layer of the org chart being announced? I (and almost all my co-workers) are very interested to see if our Director or a CB&I person will be leading our department.
https://resource.globenewswire.com/Resource/Download/080c4eea-e7f3-424f-b092-2eb32b3782a3?size=0
http://cbi2016ir.q4web.com/news/press-release-details/2018/McDermott-and-CBI-Announce-Executive-Leadership-Team-and-Organizational-Structure-for-Future-Combined-Company/default.aspx
McDermott purchasing CB&I will turn out to be the same disaster as when CB&I bought Shaw. Eventually it will implode. Two bankrupt companies cannot save each other.
I can't believe they will replace them with CB$I folks.
To quiet. MDR released over 400 employees globally over the last two week.