Thread regarding ConocoPhillips layoffs

ELT, Shrink to grow applies to leadership/management too right?

You've sold major assets. You're selling laying off hundreds of employees. When will we see proportionate reductions in leadership/management?

Let's help them out. What layer(s), groups, positions should b eliminated? What "leaders/managers" should go? Do we have ANY independent thinkers versus bureaucratic integrated a**kissing good ol' boys?

ELT no more arranging the deck chairs. No more self preservation. No more creating jobs for hi pots. "good" people will have to go, Shrink to grow. Get to it. Employees and analysts and shareholders are watching.

by Anonymous
| 2394 views | | 8 replies (last April 20, 2017) | Reply
Post ID: @OP+MQrhVa9
Comment! It's anonymous!

8 replies (most recent on top)

And no names WERE posted! But there are plenty of "leaders" who could "grow" the company's fiscal health if they'd "shrink" themselves out.

by Anonymous
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Post ID: @3voy+MQrhVa9

Names not allowed here. Site rules.

by Anonymous
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Post ID: @1rnc+MQrhVa9

Lol. So true that ego's are inflated, along with headcount.

by Anonymous
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Post ID: @1woa+MQrhVa9

They could start chopping in Technology and Exploration. Lots of fat and overpaid egos in both places.

by Anonymous
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Post ID: @cfe+MQrhVa9

I wish I could "nominate" a few particular "leaders" to go. No million dollar payoff either.

by Anonymous
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Post ID: @dif+MQrhVa9

Leadership are worse than politicians, and in that regard they'll likely never place the company's interests ahead of their own jobs. It will have to come from shareholders, but they don't have line of sight on these kind of company internals. So we're back to leadership to work it out. Do something for the company will ya? Clean house a bit and fire some of your own kind. Who knows, maybe once they actually have something to do again they won't regret the change.

by TheRealDonaldTrump
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Post ID: @vnp+MQrhVa9

"Amen." Shareholders are watching. Why not have all managers write the name of a manager that they vote out. Fold it and place it in the ballot box.

by Anonymous
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Post ID: @iqh+MQrhVa9

This will be darker, much darker, than many may realize. The sale of the Canadian interests (why we are retaining our Surmont holdings is unknown), the sale of the San Juan interests, the future sales of the Anadarko Basin interests, the Panhandle interests, the Barnett interests, the Permian gas and marginal conventional oil interests, the onshore Gulf of Mexico gas and marginal oil interests will leave a Lower 48 with essentially 3 unconventional oil plays: Eagle Ford, Bakken and Delaware. All 3 of the unconventional plays have consumed more in expenditures than provided in revenues. Analysts and shareholders will be expecting a significant reduction in employee and management costs. Head count may be reduced from 13,000 to 8,000(perhaps less). COP will have to be significantly re-configured to reduce costs or there will be more asset sales and layoffs. It is troubling that we have such a large inventory of marginally/ non-commercial assets. Poor asset management.

by Anonymous
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Post ID: @hoe+MQrhVa9

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