YTD, Schlumberger (the best run company in the world) has lost 33% of its market value which is better than Halliburton that lost 36%.
Thanks to the Transformation initiative, we haven't lost as dramatically as Halliburton.
Meanwhile, Paal will be awarded with 40% as PIP because we have lost less than Halliburton.
He has to go, or are the board really so weak they cannot figure a replacement one of the few jobs they have to do. HIs transformation is the bleed the company dry or die.... efficiency has a limit and we are running past this limit in a down ward spiral. Locations beg for resources to cover work meanwhile budgets get cut more and more there is no efficiency just mindless squeezing
Hey man, we're not allowed to talk sense in here.
Then he should pay back all the bonuses made during $90+ oil days. External forces, not to his credit.
Then he should pay back all the bonuses made during $90+ oil days. External forces, not to his credit.
All due to external factors. Not PK’s fault
they will buy back tons of stock, so they can use that to award Paal and his N-1 with more RSUs.
maybe also use that to pay McBainture for pitching the Transformed Way of Working.
This is perfect time to execute stock buyback program.
Also if the low price stays till end of year then DSPP participants can count on getting lots of worthless shares.