Thread regarding National Oilwell Varco Inc. layoffs

How many Finance VP’s does NOV need?

NOV has a VP of Finance reporting to a VP of Finance who reports to another VP of Finance who reports to another VP of Finance and that position then reports to the to SVP Finance/CFO.

On the org chart, it looks like this

SVP Finance/CFO
|
VP Finance
|
VP Finance
|
VP Finance
|
VP Finance

Each of these VP positions will each command a significantly larger package (bonus, salary, share options etc) than the majority of the folks that are generating the dollars for them to count.

Surely it’s time for a refresh at the top so new blood can reorganize this massively top heavy company, remove the multiples of dead wood/megalomaniacs at President/SVP and once and for all, change the company structure that has never generated a cent of profit for close to a decade and which is not organized in a way for it to be successful in the future either.

by Anonymous
| 2161 views | | 8 replies (last April 30, 2022) | Reply
Post ID: @OP+1gskn1t7
Comment! It's anonymous!

8 replies (most recent on top)

Paco the bean counter runs the numbers!

by Anonymous
| | Reply
Post ID: @3pjo+1gskn1t7

And if you ask half of the people in operations out in the regions, finance in Houston consistently sc--w up the numbers sent to them and operations has to get them to fix it. Bean counters who can't count.

by Anonymous
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Post ID: @2wkq+1gskn1t7

It’s a disgusting enterprise that we work for. We are absolutely incompetent as an organization.

by Decline
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Post ID: @2iiw+1gskn1t7

At bammel theres almost same amount of managers as shop floor employees

by Anonymous
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Post ID: @1wfk+1gskn1t7

Hey, it’s hard work polishing the tu.rds that our financial statements are!! Each Veep up the chain keeps rubbing at it with a finer grit and extra sp-t until you can no longer see what is really going on inside… just Clay’s smiling reflection when it all finally gets to him.

by Elbow grease
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Post ID: @1cjo+1gskn1t7

All of our Finance VPs are leeches, in fact most VPs are leeches, especially in Aberdeen

by I know what you did last summer
| | Reply
Post ID: @vti+1gskn1t7

Its insane!
Thats the good ol’ boy huntin buddy system for ya.
The worst part is the incredible disregard for those who do the work for these leaches to get what they do get!

by Anonymous
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Post ID: @pug+1gskn1t7

Agree 100%

by Anonymous
| | Reply
Post ID: @bhd+1gskn1t7

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