The layoffs have been real one sided and asymmetrical. Time to concentrate on the CEO and the ELT as they need to bear some responsibility and weight for performance.
When will Jeff Miller be sacked? And, possible alternative CEO that can turn Halliburton around?
@aa stocks over $20 due to buybacks. market cap has dropped a lot though.
how did hal perform under jm after he took over from laser in june 2017 -
Mcap Jun17 Jun25 Net Gain/Loss
HAL 37.2 17.47 -53.04%
SLB 91.32 46.17 -49.44%
BKR 22.8 37.99 66.62% (company was going through merger with GE in June 2017...so numbers are not best represented)
Oops JM!!!
Jeff Miller will NOT be terminated. For the shareholders, Jeff is performing excellently by cutting down headcount and maintaining the stock price above $20, which has left the board extremely satisfied with his performance. In fact, he’s likely to receive a substantial bonus for these achievements. He and the rest of the leadership got a HUGE bonus last time during the 2020 Covid layoffs - look it up!
@OP Jeff basically owns the board. Nothing will happen here. He’s had years to consolidate his power.