ELT Support

For all the folks on this board that defend the ELT or blame unexpected oil prices: do a google search on "say on pay failure rate" and semlerbrossy.

You will discover that on a benchmark basis, our "management" is truly exceptional in their incompetence as judged by their true bosses-- the shareholders.

It's not bad luck or low oil prices. It's weak, arrogant, narcissistic, cronyistic, incompetent management. As long as the current ELT is managing this company, things will not end well.

But have no fears: they have hired a consulting company to tell them what to do, and to blame for the horrific cuts that are coming, due to their incompetence. Meanwhile they will collect their $20 million a year and three times that when they retire.

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5th worse out of 2,062 companies. So it could be worse.

Consultancy company = no accountability for COP management. Another opportunity to use the "it wasnt me" line.

Total amateurs.

Additional 10 to 20 points.

Can't wait for the stock to move up by 20 cents.

One year from now the COP work force will downsize to between 7.000 and 8,000 employees. This is going to happen because the company is way overstaffed given the workload. Sorry current employees but there is no other way out of this situation. Stockholders need to see a future and massive layoffs will add 10 to 20 points to the stock price plus pay for dividend increases. ELT knows this and therefore is the focus of much derision. They are going to make a move soon and will continue the process until stockholders are happy. In a capitalistic corporate world that is their job. Employees should feel cheated but there are winners and losers.

With your resources you know who I am. Make things right ... I’ve done nothing to you except work (and you did not).

All I want is to move on and provide for my family.

Simples, ELT should stop spending $500,000 on phone s-x.

The sky is falling, the sky is falling!

Bunch of losers! We will be fine once we reduce pverstaffing, reorganize, and centralize!

Ageed

Well stated OP

We are not #1, but of 1,951 Russell 3000 companies, ConocoPhillips is 4th worse across all industries. But they will take our vote under consideration.

Agreed

Thread regarding ConocoPhillips layoffs

ELT Support

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