To accommodate their luxurious life style and year end parties as always
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SLB investments during the current cycle
Maintain Management Pay rates and bonus rate
Token gesture stop merit
Reduce the prices to keep the work and help clients
Cut investment in the field
Cut the field bonus
Protect the share price through dividends
In summary look after Managers, customers, shareholders and take from the people who perform the day to day cash generation roles. Transformation in action.
Of course, we are just f-ing cost, collateral and liabilities.
There are thousands like us, out there, younger, smarter, motivated,fresh and junior.
Take a look at the news. During this downturn, the compensation for SLB executves has been increased every year while so many employees lost their job.
21% drop in share price in one year...............do the math.
Hey where de fuggin cash