Thread regarding ConocoPhillips layoffs

COO Retirement

From the news today:

Longtime ConocoPhillips CFO Wallette to retire

May 20, 2020 8:29 AM ET|About: ConocoPhillips (COP)|By: Carl Surran, SA News Editor
ConocoPhillips (NYSE:COP) says executive VP and CFO Don Wallette will retire effective Aug. 31, concluding a 39-year career with the company.

Bill Bullock, currently president of Conoco's Asia Pacific Middle East unit, will become EVP and CFO on Sept. 1.

Bullock has 34 years of experience in leading engineering, operations, commercial and business development functions across the company

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| 3511 views | | 9 replies (last June 15, 2020) | Reply
Post ID: @OP+153uDCXr

9 replies (most recent on top)

Bah bye

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Post ID: @qsns+153uDCXr

Don retiring due to low interest rates on pension lump sum and no promise from Ryan to protect its value. Why work for nothing? Also need to shrink the ELT to look in line with pending layoffs. Likely more ELT changes to come. Oh, how not being diversified s—s since 2015. Abandon ship so you get some severance before they make a change.

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Post ID: @jrvy+153uDCXr

Hubris and Psycopathy run rampant in All Top Corporate Leadership. That's just the way it is.

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Post ID: @2iik+153uDCXr

In his defense, DW kept COP from doing some very stupid deals (mostly pushed by EXPL). He was often the only voice of reason and common sense within the ELT.

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Post ID: @2hgh+153uDCXr

Met Don once at a small office meeting: came across as a spoiled child, spoon fed his entire life. Surprised me that he’d risen so far in the company. Liked and admired himself more than Midas loved gold. Afterwards I thought, “what type of leader would promote this vain id–t so high?”

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Post ID: @2fem+153uDCXr

When he goes back to Three’s Company he’ll be sad to learn that Jack has died.

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Post ID: @2zms+153uDCXr

https://seekingalpha.com/news/3576288-longtime-conocophillips-cfo-wallette-to-retire

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Post ID: @1tur+153uDCXr

was considered a total a–hole.

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Post ID: @1lyx+153uDCXr

One of the most arrogant narcissistic jerks I’ve met ever. And I’ve met a lot. Good riddance.

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Post ID: @1ien+153uDCXr

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