How are you voting your stock? Would be interesting if COP employees could control the destiny of this vote.
6 replies (most recent on top)
Until Champ and the ELT are forced to make changes by investors like is happening at Exxon, things will stay the same. Poor decisions. Living in the past. Pretending each new project is “the big one”...it never ends. 2021 may we’ll be a year of reckoning, but I wouldn’t bet on it.
Because institutions vote with the board, there’s no chance here. Several years ago in an amazing judgement on our ELT, the institutions voted down the “suggested” executive pay. This about never happens in America. The response from our ELT was a mind-blowing tone deaf, “we’ll take this under advisement”. We have the same leadership and his hand-picked team.
Yes, institutions will align their vote with the board but a significant vote by individuals tends to send a message that cannot be fully disregarded.
@1daw+18yIKtCm You must be from Bartlesville, 2,500 is about the headcount in Houston.
I hope upper management has a special meeting to cut more workers next month. We need to get rid of at least 2500 employees at the Houston location alone! There is so much heavy and wasteful fat slowing the ship down! I would undoubtedly feel uncomfortable if a Conoco employee was hired to deliver Amazon packaged because I know they would screw that up! And that's a high school drop out job!
Institutions own most of the stock...not individuals...you need a lesson in stock ownership. LOL!