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Wealth shake up and cuts

We were told that there's a major announcement coming up next week and a bigger cuts to be announced at the end of January.

Focus will be on colocation again,
if you were an Exceptional performer last year you're on the chopping block if you're not in the same location as the rest of your team.


Worthless market leaders

Can we please hire some good sales managers. Why are we paying 4-10m a year in GP payouts for a job that we could get for 300k. They would actually have the skills to do the job other than being "a nice guy". Where is enterprise reimagine when you need it? They are the low hanging fruit.


Strategy and Integration Reality

Phillips 66 presents itself as an integrated downstream energy company—one designed to balance cycles, allocate capital across segments, and deliver more durable returns than simpler peers. On paper, that strategy is sensible. The challenge is that the benefits of integration remain difficult to see in either operating results or market valuation.

Under Mark Lashier, integration is frequently cited as a core advantage. But integration is not defined by asset mix or corporate structure. It is defined by whether complexity earns its keep.

So far, the evidence is mixed at best.

If integration were working as intended, it would show up in at least one of three ways:

1) Meaningfully lower earnings volatility than pure-play refiners

2) Superior capital efficiency driven by portfolio-level optimization

3) Consistently stronger shareholder returns than simpler competitors

Phillips 66 has not reliably delivered any of the three.

Refining continues to dominate quarterly performance and investor sentiment. Volatility in one segment regularly overwhelms stability elsewhere in the portfolio. The diversification benefit that is central to the integration story often feels theoretical rather than observable. When one business sets the tone for the entire enterprise, the portfolio is diversified in name only.

This is not an asset-quality issue. Phillips 66 owns strong positions across refining, midstream, and chemicals. Nor is it an employee issue—teams across the company execute in difficult, cyclical markets. The problem is structural: complexity has not translated into resilience or premium valuation.

Markets tend to be blunt about this. Companies that combine multiple businesses without producing clear cross-segment advantages are typically valued at a discount, not because investors misunderstand them, but because the burden of complexity outweighs the benefits. Phillips 66 continues to be priced like a company where scale and breadth dilute focus rather than amplify it.

Leadership compensation underscores this tension.

Lashier’s most recently disclosed compensation, at approximately $22.6 million, places him near the top of the energy peer group. That level of pay implicitly signals confidence that Phillips 66 is being run at a leadership premium—that integration is working, that capital is being optimally allocated, and that complexity is being actively converted into value.

Shareholder outcomes tell a more restrained story.

Over the past year, Phillips 66 delivered solid but not standout returns—better than the broader energy sector, but trailing several refining-focused peers operating with far simpler portfolios and fewer internal trade-offs. For a company that argues its structure creates advantage, delivering merely “good” performance relative to best-in-class peers raises an uncomfortable question: what is the complexity buying?

There is also a less quantifiable—but critical—dimension of integration: leadership proximity to execution.

Integration is not forged in earnings calls or strategy decks. It is built where trade-offs are resolved—between segments competing for capital, between systems that don’t fully align, and between teams asked to move in sync without shared incentives. Sustained senior leadership presence in those environments matters. When that presence is limited, integration remains conceptual rather than operational.

None of this diminishes the effort of employees. Phillips 66 has capable people doing hard work in volatile conditions. The gap lies between strategy and operating reality.

Until integration demonstrably reduces volatility, improves capital outcomes, or delivers consistently superior returns, it will remain a promise rather than a proven advantage—and markets will continue to treat it accordingly.


Network is our product

Our network is our product. Schulman maximizing profitability at the expense of our product will quickly drive customers away in mass.

He doesn’t understand how the network really works, and everyone in the room with him is telling him want he wants to hear to stay off the chopping block.

Dangerous game we’re playing here


Bonus 5% Mandatory Shares

For anyone not aware, it is mandatory that 5% of your bonus will be awarded in shares. Team members will only get told during their meeting. You get a minimum of 2 shares if you can't afford more.

Can anyone explain how this is calculated? E.g. if 5% of your bonus is taken for shares, but that is only enough for say 2.5 shares, how does it work? (What happens to the residual?)


Post-IDP Clarity

Does anyone actually care about people with POT 34? What does this even mean? Feels like it’s a bait to keep the slave treadmill going. My sup. Just gave me few generic next assignments and said it will eventually depend on availability and performance. Then what are YOU doing for me?In the last 5 yrs I have one E, 3O and one OWD. How much more do I need to perform! Am I f*** and should I leave immediately?


VBG Jobs Being Backfilled

The cuts in VBG definitely had to be performance based. I’ve been looking up VBG jobs that have been posted in Jan in various states on Verizon careers website and there are several openings for client executives, senior account manager/account executive roles and the retail smb positions. Some of the cities I selected recently had people riffed in that area/territory last month and now the job is open and there was NOT additional headcount last quarter so the q4 hiring freeze is not the reason the job is open now. essentially they just axed some people to get rid of them and hopefully bring on better talent in Q1. At least that’s how it appears to me, what do you folks think? 🤷‍♂️


New HQ Employee Annual Review is BS.

Like the title says. This new annual review sounded good at first. Make everyone's the same in February for simplicity. However it's tanking most employees' performance raise. Our leaders said that it's pro-rated from your last. So that would mean unless your last review was February 2025, we will get shorted. My review was August, so i guess I'll only get like a 1.5% instead of 4%. So COL in STL has been going up along with everything else, and the firm won't even pay us an appropriate annual raise. Not too mention Human Capital's refusal to update the salary/position grades and proceed with market adjustments (which were promised 5 years ago). They have only done it for their area. I have 6 security licenses, CFP, working on CFA, and a HR generalist makes as much.


Lets Talk About Verint

If using this to track our every move why aren’t all bands (3 and 4 specifically) required to use it if not directly tied to production? Seems to me if they are looking to cut people this would be where to start - if your Verient consistently shows you are more idle than not maybe you are disposable more than others.
I am not talking the downtime because of reading an email and gathering your thoughts or listening to a recorded team meeting you missed. I am talking about the people who WAH and log in early in the morning then go about the morning getting breakfast, showering, walking the dog - THEN actually starting work or napping during the day. We all know installing Webex on your phone can help it “appear” as if you haven’t stepped away from your desk but if Big Brother can actually TRACK you are not at your desk why not leverage it as needed? I HATE Verient but if it is for some it should be for all and used the same across the board.


CSO Employee Work Avoidance

Wayfair really turns a blind eye on some. Im in another team but my friend heard that one of the CSO agents does work avoidance and nothing has been done. Keeps easy tickets and updates them every two days just to meet metrics when it should have been closed but goes on weeks with it open. Out of the blue the ticket metric sky rocketed.


Employee Reviews

The lack of transparency on this is outrageous. The amount of people that need to approve just one review is excessive and adds weeks of unnecessary delay to an already slow process.

Why do you need 3 people to approve 1 review when there is limited salary increase, lack of promotions and no morale?


Verizon's Stock - 2026 identified as the Top DOGS of the DOW Stock

Verizon DJIA DOGS: Dividends Over Growth Stock!!!

Verizon shares identified amongst the 2025 worst stock performer and the 2026 candidate for the top pick for the Dogs of the Dow investment strategy.

Noting for 2026 Verizon will not have any share price appreciation but plausibly a 6%+ quarterly corporate dividend if sustainable??


The Draft Has Started

Oh, you thought they were going to choose the most capable and knowledgeable people? Not a chance. They’re picking the ones who excel at kissing up and delivering polished slide decks to upper management. These are the folks who coast by using the work and expertise of the very people the company isn’t keeping.

They’re selecting the “yes‑at‑all‑costs” crowd—people who are just trying to hang on until the back half of 2028. Some of them even said they couldn’t relocate because of their spouse or personal situation… yet suddenly they’re taking the job?

Honestly, I hope it blows up in their faces when the yes‑people eventually leave, and the company realizes they let go of the people who actually knew the work and kept things running. At that point, they won’t even be able to operate properly.


Capital Management Employees are Overpaid

Capital Management Employees are vastly overpaid $$$ compared to almost every other division in the company+

out of the 35+ people, almost all are EVPs, SVPs, or VPs+Raking in $250K-$400K per year or much more+All the extra employee comp & bonus money is being funneled over to Capital Management+They get quarterly bonuses unlike other employees in the company+That is not fair+Their jobs are easy with them relying on AI computer stock picks as they mimic those recommendations along with the analysts+It's time to rein in this area+Company could save $10M w/o Capital Management+Company would make more $$$ by having better performing outside funds with lower expense ratios but tacking on additional fees to drive revenue++too much bloat w/ Capital Management++Hardly anyone is investing in their institutional funds outside of retirement plans & they have spent a ton to get on various platforms+Assets are down over $1B YOY which is 7% of portfolio+Meanwhile, there are no layoffs & employees of that division keep getting new titles and big big salaries and raises.

this year, the vast majority of the funds are near the bottom of their peer rankings & only three funds are in the top 50%. So, 3 funds out of 28--off to a very rocky start in 2026--looks like it will be a down yr+time to cut salaries, perks, & jobs in that division+lots of favoritism going on there--------

Lipper awards were excellent but company couldn't find a way to get news out & more plans & money keeps leaving. WTF is going on ?

$$$$$
Morningstar
Total Return Rank in Category
YTD
(1 is best & 100 is worst)
MoA Core Bond Fund 98
MoA Clear Passage 2020 97
MoA Retirement Income 94
MoA Clear Passage 2045 92
MoA Clear Passage 2050 92
MoA Small Cap Growth Fund 92
MoA Clear Passage 2055 91
MoA Clear Passage 2060 91
MoA Clear Passage 2035 91
MoA Clear Passage 2025 89
MoA Clear Passage 2040 86
MoA Clear Passage 2065 85
MoA International 84
MoA Clear Passage 2030 83
MoA Mid Cap Growth Fund 81
MoA Conservative Allocatio.. 76
MoA Small Cap Equity Indx 76
MoA Clear Passage 2070 71


How does MW and MN still have a job?

If you look at performance metrics over the last 5 years, we haven’t been number one in any of them compared with the other LTIPs. In most instances we’re in the middle or at the bottom. Can’t help but chuckle when MW, MN, and the other ELT members who have been here forever talk about delivering results and being accountable when they’ll never do either. Dead last in ROCE and EPB?? Have another raise! Bunch of clowns.


Eliza™’s Annual Review: Optimizing Everyone Except Herself

Eliza™—the AI mascot of workforce reduction—just completed her annual performance review, and the results are shocking to absolutely no one.

Despite eliminating 400 jobs before lunch and auto‑generating three “We value our people” emails, she was rated BELOW EXPECTATIONS.

Why? Leadership cited her “need for constant supervision,” “poor teamwork with humans who still exist,” and “unacceptable integration costs,” which is rich coming from managers who can’t integrate a calendar invite with a coherent thought. Her accuracy and reliability were also flagged, mostly because she occasionally deletes the wrong department or callously schedules layoffs during Christmas holidays.

But the best part? Eliza™ isn’t even PIP‑eligible. HR confirmed she cannot receive a severance package, a farewell lunch, or even a sad little badge‑deactivation ceremony. She’ll simply continue roaming the digital halls, glitching ominously like a haunted Roomba vacuum, waiting to “optimize” the next unsuspecting team.

A true icon of corporate underperformance—yet somehow still praised for her “limitless potential.”


Correlation of Performance and Satisfaction

Why is it that the people that complain tend to be the worst performing?
Why is it the people that bash the company they work for are also adding the least value?

Honeywell success starts with each one of you. Be happy. Move the needle. Love the game. Rewire your mind.

And also - people in this forum need to stop being racially charged.


Who was the brain surgeon that decided on salesforce ?

Lets use a system that slows down the entire sales process. Lets use outdated software that a monkey manages. We now know the reason why we use salesforce. To slow you down. To create failure - where it did not exist. If you want to hinder a sales channel and further failure - introduce an operating system that runs like cr-p. Salesforce. Look, I get it, you want COR to fail, so you can turn it into AR. That's fine, it is what it is. Comp plan, bend over, promo's here today , gone tomorrow, brought back a month later, then gone again, oh wait bring it back again. Really. Really. Why in the world would you do that, unless you want failure. This was all thought out, tin hat and all. Just top it off with some HTP and sugar on top.