We still number 1 and Paal is the number 1 CEO in the industry performance wise. You can't criticize a winner!
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Mr Sausage Licker, with your ignorance you must be in Wireline, if you think transformation will work for SLB then you are deluded. How do you think the same thing can work for services driven segments (WL, WS, & D&M) the same way as for product driven segments (CPS, AL) they can't, this is why transformation will never work 100% as no one is willing to build it to suit the segment, it's a one fits all.
Oh and you mention upper management only come from prestigious well known universities ? Well bet you never heard of the University of Cardiff before realising that is where Andrew Gould went too ?? The only man in recent time that when he talked the whole industry stopped and listened, now with PK they are just wondering what that ramble in the background is.
SDR and SETC are the proofs that the transformation is not working.
"Winning & Out Performing the Competition (by LAYOFFS and $18 million COMPENSATION)"
I did it my way......(with LAYOFFS and $18 million COMPENSATION)
Paal Kibsgaard
2017 CEO of the Year (in consideration of LAYOFFS and COMPENSATION)
"Winning & Out Performing the Competition"
I did it my way......
Paal Kibsgaard
2017 CEO of the Year
"Confessions of a Serial Transformer"
The Schlumberger Transformation scam and how I made a fortune firing my employees.
Paal Kibsgaard,
Former CEO of Schlumberger
Texas State Prison
"Earning a kick a-- bonus in a downturn when everybody around you is being laid off"
Leading the Schlumberger Transformation
Paal Kibsgaard,
CEO Schlumberger
"You Are Laid Off"
A transformation revolution in Schlumberger.
By Paal Kibsgaard, CEO
Paal's transformation strategy will be taught in the worlds best business schools like Harvard for years to come. How one man and his transformation strategy turned SLB into the worlds most efficient oilfield service company in the middle of the biggest downturn the industry has ever seen.
Paal is being compared to Jack welch of GE fame in the corporate corridors of power which is quite an accolade. Rumor is he is writing a book about his time transforming SLB.........I wonder what it will be called? any guesses?
Yep, they will be teaching Paal's transformation strategy in business schools like Harvard and Oxford for years to come. He is like the Jack Welch of the oilfield business.
Rumor is he is writing his memoirs and a book could be coming out.....I wonder hat he will call it?
5 is just corporate speak for cutting jobs but gotta hand it to Paal he is delivering the numbers keeping big blue the # 1 in the industry. I wouldn't be surprised if we see all the other oilfield companies coming up with their own transformation strategies if they haven't already done so.
Paal is leading the way with some real cutting edge ideas that you don't get from your average oilfield CEO. There is a good reason he got the top job in Schumberger........its because he is good and some would say a real leader. Call me a sausage licker but I say it as it is.
You guys deserve Paal! Stay on work hard to pay for his bonus. I've seen some emails sent out by hal CEO from a friend working there, at least the CEO has a little humanity for his employees.
You think it's going to be any better at HAL? Reality is going to smash you in the face soon enough
Number 1 is very true as we are being asked to do more with less except Paal who is still getting his big bonus and doing less with more. Personally, I have had enough and secured a new job with Halliburton as I cant stand the transformation. Its driving me crazy and a total waste of time but still I am being pushed to report numbers showing that it works abut it doesnt!!!
8 applies to all loyal employees who is above 50 years old
6 is a classic meltdown of stupid management.
4 is a disaster with no more experience people to run our equipment. we got run off a job last week for equipment breaking down
Number 9 is not working as we are being killed by our competition.
Yeah right, cut out fat, and lay more cancer meat that what slb want to transfer to. Why do we need more supervisor, anf manager than worker??? Ehat they will do??. Cleaning assh???
Especially, the principle #8 has not been really enforced. There are still too many useless, overpaid executives.
Tha transformation principals are whats keeping Schlumberger ahead of the pack. They are:
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Do more (much more) with less.
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Leverage our size, global footprint and strength
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Develop a multi skilling capability and cut out the fat
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Do it right first time - get your workflows working
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Integrate, integrate and integrate
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Enage to excel
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Shrink and grow.......... you know it makes sense
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Cut the low performers and the over paid
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Kill the competition
Wow, Kibsgaard dancing with Lady Gaga at SuperBowl half-time show, so talented!
Who would doubt ?
The old fat man with gout
He sits big and bloated oh so very wise
This old man in Blue is one of the kings of Free Enterprise
Educated idiots is the term that comes to mind.
We are the most profitable company in the industry and have the highest quality management team with business degrees from some of the best universities in the world. We only recruit the best from the best schools which makes us the best in the oilfield business. This why we deliver. If you come from a second rate university dont expect to get a senior job in Schlumberger
"You can't argue with our financial results" do a 5 year chart of slb vs hal share prices and tell me if slb really outperforms. Its going down and people knows it!
What are the transformation principals?
From where Im sitting we are losing tenders to our competition and we don't even have the experienced people to pu a competitive tender together. We aren't even getting close and usually end up 3rd or getting disqualified. If thats outperforming then one wonders how we haven't went bankrupt but hey Im not complaining as long as i get my money every month. As regards the transformation - hahahah.....nobody takes thats seriously. Its a total joke and costs more money and time than it saves by far. Thing is the upper management tell Paal that its working because if they don't then they are the next ones to be laid off
What a great s--- up! Keep s---ing till the next lay off for you.
Could you explain how a $1,5bn - $1.8bn loss in 2016 and a total debt of $20bn+ is good business?
Paal is a piece of crap!!!!!!!!!!!
Paal aint that smart he has fallen for Cameron smoke and mirrors program for improvements and supporting sub sea tree manufacture in Norway
Yes...winning just like Lance Armstrong. He always played to win as well and did for awhile. But alas, with time will the real truth be known.
Yep, for all the negativity here we are still the best performing oilfield company on the planet. Well done Paal. The transformation was a TRULY masterful strategic move propelling us light years ahead of our competitors. You can't argue with our financial results. We play to win always.
I am sure if we lost a contract to Halliburton the people responsible will be fired. Clearly they have not grasped the transformation principles and are not Schlumberger material. We need winners like Paal to ensure we stay the #1 company in the industry.
It's tough to be the best all the time but we must stick to the transformation principals. Believe and apply them and you will prosper in the company.
May the blue force be with you
Employees' hatred and frustration due to SLB management are not the cause of the lost contract. Maybe the illusion of "best run company" and useless management are the cause.
You forgot wireline and cementing as well....great transformation... turned the entire well red in one fell swoop.
Are you serious?? We just lost Chevron in GoM to Halliburton...every rig had MI Swaco, MWD and GeoServices. We cannot be the "best run company in the world" if people hate themselves for working here, they provide a sh--ty yet expensive service and we end up losing clients...
He is making over 18 million dollars every year for laying off people. What an enormous pay for a pathetic job. All the other executives are the same idiots.
Paal is an a hole who only knows how to cut personal to make him look good. He never had a good idea as long as he is CEO. Pull his c--- out of your mouth and use your brain idiot.
He still gets the economic outlook spectacularly wrong every year.