Chart explains it all:
https://www.wsj.com/articles/shale-companies-had-lousy-returns-their-ceos-got-paid-anyway-11601631002
3 replies (most recent on top)
Noble was done. The buyout s—s in a huge downturn since so many good Noble people are fighting for their jobs, yet again, but Chevron is probably one of the better options out there. Almost all management can walk out the Noble doors knowing they were a part of driving a good company completely into the ground - but they take with them their stacks of cash for a "job well done". All the best to the real workers at Noble... I worked with a mighty fine group of people there.
How it is that these clowns left the office every evening without confrontation is beyond me. Between employees, shareholders, and all of Ardmore, they should have absolutely NEEDED bodyguards.
For those of you who haven’t worked outside Oil and Gas, the incompetence and excess is staggering to those of us who have. Shale in particular is populated with a greedy, impulsive, and short sighted population. All that matters is the now, and foresight is ridiculed if it doesn’t soothe the ego.
Having seen how Noble works from the inside, I’m shocked it lasted as long as it has. It’s purely top down, and the people at the top are fragile broken children, where ego supersedes all. Good riddance.