Lee got over 12 million annual compensation according to today’s Houston Chronicle. Since 2013 his management has helped result in a 50% drop in the stock price. MRO continues to lag the competition. If he was being ranked, where would he land? Wouldn’t an appropriate ranking result in the same termination that his “remaking Marathon” doled out to so many employees? The market has figured out that Lee’s strategy has resulted in a limited reserve base which will lead to MRO soon entering the “Death Spiral”. MRO’s completion (ConocoPhillips, EOG, Apache) did not fall for the tunnel vision strategy he did. “You pays your money and you takes your chances.”
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Maybe Race Car Driver can sell MRO ans receive $100 million like the CEO of APC who ran his company into a death spiral.
Lee Numb Nutts could orchestrate a merger where he walks away as CEO and the CEO position at the victim company gets the press position.
Easy way to claim victory for an id--t with a clone style board.
Fire him
As long as his compensation is not directly linked to the long term...more than two months performance.... Lee will continue to laugh and drive his racecar on his way to the bank. Disgusting the gutting of Marathon on his watch. Reality...with the damage he with his minions have done to this company, he should be required to pay back his all of his undeserved compensation. In the background, all of the lives that he has destroyed whilst climbing on the backs of those who gave their all to build and sustain our company.
The era of small men running small companies is at hand.
That’s why they call him “shrinkage “.