OK, let's spill it out here...
7 replies (most recent on top)
You are all asking the wrong questions. Why is it that when our new fearless leader joined, the first thing he did was buy back stock? Seriously? Cazalot left him with plenty of cash on the balance sheet to do a deal, and this guy buys back stock? Amazing strategy, Lee! Now...we're leveraged so much that every Wall Street analyst knows it and every time oil prices tank, the markets hit us twice as hard as our peers. Our only hope going forward is that someone will put us out of our misery and buy us. Flying spaghetti monster save us all.
Why did all officers receive bonuses at the same percentage of target last year? If ranking is such a great idea, why didn't they get ranked too?
Umm, the race car driver would have to have his driver race him home. Then he could go get his race car washed.
Lay off managers. We are the core group that led Marathon to the lofty position we hold in the energy sector. Not possible, the company's stock price would plummet faster than The Race Driver could speed out of The Tower for his weekly wash/wax/detailing.
If an employee retires but is not replaced, why was that employee employed on the first place?
Why were very few (if any) managers laid off in the past two RIFs? We were told that the cuts were based on performance but the managers are the lowest performers in our group. These managers should be the first led out the door in February!
What's the plan for dealing with sub-$35 oil for then next 12 months? If oil trades sideways and we continue to burn cash at this rate, are we just planning on writing all the shale off?
Is our plan to continue the axe and fingers crossed method of management?