Thread regarding Schlumberger Ltd. layoffs

Stock Value Down, Exec Bonuses Up

Where is the logic?

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| 1532 views | | 5 replies (last October 17, 2018) | Reply
Post ID: @OP+VxR8k8o

5 replies (most recent on top)

Seriously worried about my pension with SLB, I do not trust the current board of directors who earn so much they would not care about stealing it from the 100,000 employees and 100,000 ex-employees just to keep their bonus up.

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Post ID: @9czk+VxR8k8o

The worst CEO ever; devalues the company, runs off 75K+ employees, has always taken an antagonistic attitude with employees, fires board of directors who don't agree with him. Must be difficult to sleep making $22 million/yr.

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Post ID: @4nhb+VxR8k8o

The privaleged get the privelge of screwing up everything without any recourse.

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Post ID: @1oum+VxR8k8o

True

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Post ID: @1umw+VxR8k8o

B'coz, those in "the know", have probably already shorted the stock.

Why do you suppose people up there get a high pay ? to think, or execute orders ? the easiest /best way to make money, is to knowingly run a company bankrupt /to the ground, while you short the stock. But in order to do that, you have to have the power and the means to pay /buy the services of the unscrupulous people at "the top". That explains why people on the board /upper management get paid a lot for doing nothing of value to the honest investor /stock holder.

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Post ID: @1klm+VxR8k8o

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