The good news — the JV won! The bad news for McDermott folks — Chiyoda is doing pretty much all engineering (in Yoko Ono) and Zachry most of the construction (except OSBL I think though not sure what the final DOR looked like). The tanks though are CB&I! At least until DD and his posse sell it off. Not a lot of work for McDermott people. And the better news is — the losses won’t be as big as Cameron! At least not for a few years and “creative accounting” and “productivity lies” catches up! Yay!
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CB&I+Zachry=losses
CB&I+Chiyoda=losses
MDR+Zachry+Chiyoda=winning?
LOL
See the publicity photos at signing? Big grins on the left. DD looks like he's wincing, hands folded, not the "open posture" HR and b---s--- pop psychologists like to see. The guy on the right looks like he's ready to Hari Kari if only he had a katana. Or exact his revenge on his neighbor? Get that man a katana!
All pipe fabrication will be done in China. Look out!!
Greedy Leadership + Incompetent Managers + Unethical HR + Disrespecting Employees = Failure
It's not rocket science, it's common sense.
Stewie says thenk ye! Now he can meet his CPI KPI's! "Ye jest kunt cut staff whin ye need em on a joobsite!"
Stewie gets his bonus. MDR is almost CPI'ed into profits. But too late, we still go bankrupt!
So Stewie gets made CEO, lookin good all lubed up. And Goldman fires his fat a--.
Yeah, we're too far along. Nothing matters. The plane is going down. Enjoy the view.
Maybe not too much, I think the others are already busy and may not have a lot of capacity left. Also, didn't our JV do most of the FEED work? So it was really ours to lose, no?
I wonder how many hundreds of millions of $$$ we left on the table due to desperation by executives really really needing a big win???