It’s easy to cut staff to help “boost returns” and it seems easier to watch $8.24B of market cap erase as it has under Hager and Vaughn’s control. I wouldn’t even call it Leadership. At a fully burdened FTE rate of $200K, that’s enough to employ 2,000 people for 20 years. Total top Exec compensation in 2016 was $31.3M (6 employees). At the same burden rate, they make equivalent to 156 of you fine folks reading this right now. Where’s the accountability and outrage on that?
With all of the talk of winning and basketball stories, unless you are an Executive or their offspring (gotta love some good old fashioned Nepotism), you are literally a G&A number, that’s it. The people winning are the ones with the purse strings, and he/she is not you.
Here’s my advice, sit back and enjoy some free coffee while it lasts and contemplate how YOU can generate income without having to rely on anybody. As a matter of fact, head down to Aravali and do jack sh--. Grab a coffee and tell them Uncle Davey Sandusky’s got the tab.
Use your compensation package as a buffer (don’t forget to sign the release absolving Devon and your right to any and all future lawsuits). Use your Devon stock as seed money and go get after it.