Thread regarding ConocoPhillips layoffs

Simple cuts presented as brilliant strategies

Found this article to be a load of bull mixed with a lot of kool-aid for us to drink. I get that the leadership wants to take credit for good Q3 results, but presenting simple cost-cutting and selling off assets as a brilliant business strategy is an insult to our intelligence. What’s going to happen when there is nothing left to seel and there are no more people that can be let go. What will be their brilliant growth strategy then? I don't even want to get started on the buyback of the company’s stocks, as it is widely recognized as a strategy for a short-term bust of the company’s value and with little long-term benefits. It won't be long before we all see that this success was artificial.

https://www.fool.com/investing/2018/10/29/1-jaw-dropping-quote-from-conocophillips-ceo.aspx

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| 1165 views | | 2 replies (last November 3, 2018) | Reply
Post ID: @OP+VWXI1AU

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Matt Fox is good at selling companies

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Post ID: @1sxy+VWXI1AU

Another executive walks away with an 8 figure severance package. Two more ELT members get promoted. The brilliant strategy is for self enrichment.

It’s what we do.

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