Halliburton SAD!
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"Some of the best business principles ever written were Enron's. The key isn't writing them down, it's believing them." - Bill Weldon former chairman of Johnson & Johnson,
Johnson & Johnson CEO resigns after series of missteps in 2010 to 2012.
If it's any consolation, when my department was being sold to GE many clients told me to jump ship. They said GE is invariably slow to provide services and equipment and their previous acquisitions such as vetcogrey etc had been progressively gutted. I would expect a lot of the structure in baker to be "streamlined" over the next few years in order to drive down costs. They might be the second biggest OFS now but Hal don't own a subsea division. If Hal merges with a rig contractor or something they would be back in second spot in terms of scale.
But remember scale does not equal service quality!
We have a very long hard road ahead of us at Halliburton.
There are a lot of very well trained and educated people on the sidelines that we can pick up to help us. We need to take a hard look at our organizations. If you do hire someone educated pleased allow them to be themselves and not burden them with someone's Halliburton buddy who is lazy and stupide that we are protecting.
Ask yourself what do we need to do to become a modern corporation with a vision and not an old corporation protecting buddies. We have long been known as the buddy company. HR allows our people to keep hiring their buddies for key positions.
We all know who the complainers are. We all know who the workers are that say its not my job or your suppose to figure it out for me. We all know the workers who fail training and brag about it. Why go forward with this baggage.
There is a stark difference in how GE , Baker Hughes, and Schlumberger run their organizations.
As I said its a long hard road we will have to travel to get back to where we were.
now that's a combo of organizations that know how to execute.
Halliburton Fail !
Wonder if the leadership team at BHGE (the NEW #2 oilfield services company) will give a big shout out to Uncle Dave for making it all possible?
And to ALL of you currently employed Halliburton personnel,, accept the FACT that YOU are no longer part of a top-tier company.
The combined company will be called Baker Hughes, a GE company, and shares will begin trading on the New York Stock Exchange under the ticker symbol “BHGE” when the market opens on July 5.
Shareholders of Baker Hughes Inc. (NYSE: BHI) have overwhelmingly approved the Houston-based company’s combination with GE Oil & Gas.
As such, the deal is expected to close July 3, Baker Hughes and Boston-based General Electric Co. (NYSE: GE) announced June 30. Baker Hughes shares will continue to trade on the NYSE until the market closes on July 3.