Is its just commonly accepted now that Legacy XTO employees are being targeted by the PIP?
12 replies (most recent on top)
Never met any XTO folks in EMIT worth keeping
Long time XTO people had the benefit of being able to walk into the president’s office and freely express their opinions on things that could be improved or done differently. Many of them (myself included) continued to express those opinions 2 or 3 lines up the chain. This was not taken well in the Exxon world of extremely high power distance. Couple that with salaries far exceeding the Exxon salary bands, and you get a pretty large target on your back.
FYI XTO senior management absolutely went to war with Exxon on the ranking system. XTO system was simple, 3 buckets and no forced distributions, and yes people did get placed into the bottom bucket when they DESERVED it.
Great stuff is happening!
I do not agree with the problem being the salaries. We have several younger managers pulling in pretty good salaries and I expect them both to continue climbing.
I believe it’s the ideal problem. XTO and XOM operate totally differently. XTO was interested in the end result and getting the work completed; XOM is about the process, meetings, and involving more people to participate in the discussion, confusing everything. Totally different mindsets between the people.
Just my .02.
I wasn’t even legacy XTO and I was PIP.
Most of the ones I’ve interacted with were PIPed but they also definitely deserved to be…they weren’t targeted because they were XTO though
XTO valued those who had come up working in the oil field. People who knew how to get things done. ExxonMobil values people who can follow their process. They will run CBP into the ground just like they did before. They should sell it all before it gets too bad. Wells shut in without pickling. Not good. Going to cost the next guy a lot more but current batch of management will be on their next assignments before the hens come home to roost. XTO people don’t like seeing mistakes of past repeated speak out and get labeled as troublemakers. Sad.
100% true
Experienced hires are the first to go, so...
Yes, it's commonly accepted because it's a fact !
I think the targeting of XTO folks is based on their age (lots of experienced folks with large salaries) and the fact that outside of Delware, Midland and Bakken most XTO assets are for sale.
Everyone on my team that was legacy XTO was either straight up let go back in late 2020 or has been PIP'ed since. I don't think it is outside the realm of possibility to believe they're being targeted.