Thread regarding Chesapeake Energy Corp. layoffs

Lawler continues to draw his fat check

Hmmm...this letter proves DL was lying at the 2015 D-day layoffs townhall when all was good and just keep providing value to our company. And it also tells me he will lie at the next one.I know it's hard not to be angry at him but it's not his fault. He is doing what they hired him to do. He knows by now that the "CEO" title means PUPPET. They hired a nobody to come in that had no clue of what he were doing so he would just keep quiet and say what he was told to say,do what he was told to do. And I understand why he dosent take a pay cut or refuse a bonus as well. With his record of driving CHK into the ground he may find it hard to find future employment unless it's another puppet position. Not that he should have to work after adding so much more debt to the failing company for self gain. In a nut shell..anyone left at CHK with real oilfield experience you can get a job with a future. My advise is seek employment elsewhere then cut your loses. The rest of the oilfield is hiring,don't wait until the positions are filled. It's coming again,no way out of it. For the hundreds of kids there that wouldn't know casing from conduit, I'm sorry. I wish you well. And keep in mind someday soon when they are done with him they will walk him too. OKC will smile...;)

The CEO inherited a nightmare. There was no other way. Do not care what you think about AKM. Think about this...every year each of us completed an ethics questionnaire- are we related to a vendor? Can we make money off of any vendors? Etc...remember? We later learn of the Founders Program, the maps, margin call....remember? Current CEO did none of that.

Issue now is the idiots left behind. Too chicken sh-- to do what’d right because they have all been playing the game for a long time.

Look at Big D and the boys of Production Services...stay tuned. This group of gentlemen are about to go down. #metoo

Scooter? Still here? You old rascal. How the hell are you?

BTW, I ran some numbers and I’d like you to double check them, when you have time.

400•125,000=50,000,000

(laid off x annual comp avg)

50,000,000/10,000,000,000=2%

(current annual comp avg savings / total debt)

50,000,000•10=20% of total debt

(annual savings when remaining staff is eliminated)

5•20%=100%

We’ll be debt free in five years. Hang in there guys!

F---ing Trump all his fault.

A third by Doug L., 2/3 by Gordon P. Well written as usual.

Lawler should have his salary reduced. The GoPro CEO did it along with multiple other companies in similar situations. Elon Musk even did it. It’s worth showing the employees your commitment to turning things around especially when they have worked so hard to produce results in a difficult environment. Even a million dollar drop would publically resonate better than nothing.

Removing people from positions because their work area was no longer a part of Chk isn’t fully factual. If you look at many who were let go they had been here many years and were at high paygrades based on their tenure plain and simple. You could have been an Above Expectations reviewed employee but if you make Above a certain percentage it was deemed removable.

The Birkman is trash and anyone who quotes it’s validity to you with a straight face is living in denial. Not a business in the world is going to keep a person because they have a “Star 2cm’s to the left of the Yellow box”. It’s salary. And Doug Lawler needs to publically reduce his.

I got your structure and position right here...:if you know what I mean.

~Scooter

thanks

Source:

https://pbs.twimg.com/media/DUzLWRyV4AYGCm2.jpg