Chevron has refused to do it on there own. The Alpha ROM1 showed ZERO change in corporate leadership! A letter with this information is being sent to the investors that are on the quarterly financial call......of course they have no clue how broke we are. The letters are a start and will push them to ask very hard questions in the coming months....Gorgon, Angola LNG, Big Foot, AMBU, Wheatstone.....I can go on.....is a result of super charged dumb! So Pat you better get ready to start answering tough questions.
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"The Shareholders" are buying in as we speak for the ride "up" and some pretty good profit taking. They've still got a damn good dividend, a stock that despite what some are putting on here has weathered this as well as any in our industry and better than most. Bottom line is that the rich will get richer, and if you dumped your Chevron stock when you got laid off, you will remain with the poor who get poorer. Sorry Charles, sometimes life bites!
Yes, The shareholders are getting change through the layoffs of rank and file employees. Read my post again. I said; "The shareholders won't demand change to Chevron's top management." (Top Management is what I said.)
The shareholders are getting change. The company is reducing expenses through layoffs.
The shareholders won't demand change to Chevron's top management. They only care about profits. If they don't make the profits they want through Chevron stock, they will simply sell their stock and buy another company's stock that delivers the profits they are looking for. That's how it works. It's called Investing 101.
The downward shift occurred when we changed our focus from taking care of 'stakeholders' (customers, vendors, employees, shareholders) to taking care of 'shareholders' - it's all about profits now, it's all about shareholders now and stakeholders (all of them except shareholders) are in the center of everything. With this being said, all fundamental aspects of Chevron started to fade, while we made money, we alienated pretty much all other stakeholders and you are seeing results of this right now. No, it'll not stop here, they will continue to tighten the belt regardless of how much money we make and how much employees are disgruntled, how much our customers dislike us or how much our vendors think that we have unrealistic expectations. There are a few straightforward solutions for this but I'll leave it at this.
i predict John will ever so conveniently lose his voice two days before the call. This will happen again before the Townhall.