Is Conocophillips even going to exsist as a company? They just keep shrinking, carving the company up like a turkey and selling things bit by bit. Executive management doesn't care about the long term wellbeing of the company. They only care about popping the stock price and then exercising their stock options. It's a flaw of so heavily incentivizing your executives with stock. The Board needs to take action.
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ConocoPhillips, the next PanAm of the oil business. RL is a joke of a leader.......
I vote no on everyone of the Board of Directors in the COP Proxy. Why did the Board want to the stock holders to vote yes on not revealing the cost of Lobbying? SPIRIT values my a--!!!!! The only reason to not report the expenditures is that it has become a slush fund to party for high and mighty ELT!!!!
Kick out every one of the board members and fire/terminate RL and all the ELT with cause and give them no severance package. Give them 5 minutes to pack a box escort them to the door.
They don't need to pump the stock price to exercise their options. Each time they make a deal to sell something, I'm sure there is a rider in the sales agreement that all of the executive management will receive $XXX millions for their efforts. This is what executive management is doing to make up for how little their stock options are worth.
Life goes on with or without Conoco. you will no longer be able to buy a boat, 2 houeses, time share blah blah
but you will live...oil and gas country club is over - unless if you are at surmont
We can not compete with the independents. Too much old integrated thinking and behavior. No sign of change. Might as well sell the assets off to people who can make money exploring, developing and producing them