http://www.rigzone.com/news/oil_gas/a/150193/Halliburton_CEO_To_Retire_Next_Month_Be_Replaced_By_Jeff_Miller
12 replies (most recent on top)
Even when the ceo departs with his huge pot of money and let's not forget his pension.
I cannot see this company changing in any way even with jeff Miller in charge.
Both jeff and Dave have something in common no respect for hard working people
Good riddance lesar you are an arsehole and always will be, the worst oilfield provider to work for also they only look to fleece all customers of as much money as they can get out of them to keep all their uni graduates and professional dumb overpaid managers who are all professional bum lickers
Well, -izyd, if you want news that's relevant to YOU, maybe you should troll someplace other than a HAL layoff site.
dave: psst, jeff, jeff, you awake?
jeff: umpfh, no not now
dave: i got an idea
jeff: what, another one?
dave: oh this one’s the best
jeff: better than the baker fiasco
dave: stop it already with that
dave: i hate it when you get testy
dave: no this one, you get to play ceo
dave: i know that’s what you’ve always wanted jeff
jeff: (now awake) i’m listening
dave: you get eco status and thus kingpin
jeff: um hmm ?
dave: i will placate the haters and step down, in title only
dave: this will pacify those short sighted idiots
jeff: well, duhhhh
dave: yeah, i will take some generic title like … uh, say ..chairman
dave: and set myself up to remain through 2018 - ingenious.
jeff: sounds like it will work, unlike that stupid baker idea.
jeff: (jokingly) i declare you woke my butt up for that one too you ba—-d.
dave: you know jeff, successful careers are about creating opportunities
AND value for all. (drum and fife now start playing in the background)
yes jeff, liberty, JUSTICE, opportunities and value for all involved, shareholders
the major investors, customers and employees and i believe we have achieved those
goals for all involved during my leadership. (drum and fife player are now escorted out under armed guard, drum and fife are confiscated and broken)
jeff: What! employees? now there’s a wrinkle in the plan.
female voice (from afar) : you boys still awake ? did some one mention employees?
what in the wide wide wide world of sports are you thinking !! now shut up and get to sleep.
jeff and dave: (sigh) yes ma’am
I doubt much will change. The same management with the same egotistical thoughts and vicious HR people. The competitors and small independents are well into taking work away from Halliburton. Some customers are still using them only because they have no choice but they all are of the same opinion that the field employees are foul mouthed idiots with bad attitudes.
We'll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgement of all wrong
They decide and the shotgun sings the song
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
The change, it had to come
We knew it all along
We were liberated from the fold, that's all
And the world looks just the same
And history ain't changed
'Cause the banners, they are flown in the next war
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
No, no!
I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
Though I know that the hypnotized never lie
Do ya?
There's nothing in the streets
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Are now parting on the right
And the beards have all grown longer overnight
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
Meet the new boss
Same as the old boss
This man shall walk away with many millions and enjoy his retirement
What about the working man that gets no pay rise for many years and it shows how people where thought of by ex ceo when he rewards himself with 2 million dollar bonus in 2016
Good riddance, BUT, as The Who once said, "Meet your new boss, same as your old boss".
Who would want to buy it? Off to the knackers yard with it I would say.
Will cowboy jeffie pursue the sell off of Sperry ?
A song for Miller, the new CEO:
" I dont care who you are
Where you from
And what you did
As long as you give me money "
Halliburton Co said on Wednesday that CEO Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar's longtime deputy and fellow board member.
Lesar will stay on as executive chairman of the world's second-largest oilfield service provider until December 2018, when he reaches the company's mandatory retirement age of 65.
The transition, which was expected, comes as Halliburton tries to recover from a two-year oil price downturn that has eroded profit margins and forced the company to lay off thousands of workers.
Miller, 53, has a reputation inside Halliburton for working well with customers and employees, and for leading successful projects, according to former and current employees.
Miller's first task will be renegotiating contracts with oil producers, convincing them to pay more for Halliburton's pressure pumping and other services.
The company, whose revenues plunged 33 percent last year to $15.9 billion, and its peers have warned since January that higher prices are needed to help provide the labor and parts needed to fuel the oil industry's nascent recovery.
Halliburton, with headquarters in Houston and Dubai, signaled last month that demand is rising, especially in North America's shale oil patch. But the company has yet to be able to raise costs measurably, denting profit.
"I look forward to leading our organization as we continue to collaborate and engineer solutions to maximize asset value for our customers," Miller said in a statement.
Lesar, who became CEO after predecessor D--k Cheney was nominated to be U.S. vice president in 2000, will step back from day-to-day company management but still be involved in talks with customers and shareholders.
Lesar signed a new employment contract with the company through the end of next year that will prohibit him from working for peers for another four-year period.
"I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO," Lesar said in a statement.
A Dallas native, Miller joined Halliburton in 1997. Like Lesar, he is an accountant by training.
He assumes the top role after Halliburton lost its long-time chief financial officer, Mark McCollum, who left in March to become CEO at rival Weatherford International Plc.
Lesar's unusually long tenure at the company was marked by growth but also controversy. The company came under withering criticism for its flawed work on BP's Deepwater Horizon drilling rig before it exploded in 2010, causing the Gulf of Mexico oil spill. Halliburton was also the subject of a Foreign Corrupt Practices Act investigation for work in Nigeria.