PK likes to pump up the stock price based on smoke, mirror and buzz, lots of buzz just before his bonus is calculated then the downgrades come after the analysts realise the EPS is not getting any better. I am really surprised the investment community have not clicked onto how he is a series under performer for past 5 years. If they can engineer his exit the stock could go up by 20% depending on who the replacement would be. If Gould comes back we could see a 30% jump
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I don't know where this fool gets off thinking of turning an oversized plumbing business into the next Google. Good initiatives? What are people smoking listening to yet another distorted concept to justify yet another non-value added c-suite bonus! You can't change what you don't comprehend and you cannot arrive if you don't have a clear goal. Package this c-ap into initiatives and agendas... You got what you got now. Everyone been putting shorts... Wouldn't be surprised if pk himself.
Where he graduated has nothing to do with what Paal is trying to accomplish. All in all there are a lot of good initiatives the problem is the volume, coherence and the integration of all of them. It is simply too much to absorb, which ends up in a disappointing deployment. It will take time, Paal has no patience like most managers he is demanding, this makes him choose too many that will give the illusion of accomplishment, for short term gains. The result is a castle of cards.
The vision is not well articulated, that makes for a lot of confusion.
never, PK want a new yatch
No PK said he was gonna transform slb into not just the best run OFS company but the best run company ever. Did he graduate from a French Ecole national?
Brace for impact.
Time for the transformation of executive compensation.
Dont worry, execs will make sure they get paid fat bonuses. No matter what...