https://www.southwestairlinesinvestorrelations.com/news-and-events/news-releases/2024/10-24-2024-120143652
7 replies (most recent on top)
The biggest issue for retired Chevron execs is having to fly commercial with their hapless family instead blasting around in a late model G5. Most get board jobs because they can attend board meetings in exotic locations via private jet and take their family along.
Elliot Investment bought a significant position in Southwest and has pressured them for Board positions and major changes to their business model. Six Directors are being pushed out, PB is apparently one of the new incoming members. He’ll get paid about $165k a year, enough for him to enjoy pricey vacations and golf - chump change to him.
"During his tenure as CFO, Breber boosted investor confidence in energy and maintained Chevron's sector-leading valuation and reputation by instilling capital discipline and championing a lower carbon strategy. "
That's a laugh!!
PB could have done much better if he had a better reputation as a leader. Board jobs are for those with one foot in the grave. Glenn Tilton left Chevron to become CEO of United Airlines. That was a New Job. Pat Woertz retired and became CEO of ADM.
Thought he would Do Better
This is the typical MO for these people once they've been displaced. Get on two or three boards and spread their vast expertise around.
He's after the free peanuts
And somehow that is important to our layoffs? We'll all wait for the reasoning.