What were your first impressions of our new leader? What was the core message? What did you read between the lines?
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Kpic- so your saying I should spend my days working on my resume rather than expending energy trying to fix anything around here? Point taken.
Hate to dash your last hope, but DM has a track record of transferring in his minion manager friends to work for him and they are anything but competent.
Nope - either DM will clean house and make this place tolerable or I’ll find somewhere else to work, I’ll be in a better place regardless. Worst case is more minor changes that don’t accomplish any actual change... in which case I’ll be out of patience for this place and head elsewhere. I use to like my job with this company, but L48 has ruined that. DM is my last hope to shake things up and fix this place.
He talked about the need to reduce our G&A. Is no one else worried about layoffs?
The hip skip and jump model is from the CEO’s career progression playbook. And that worked great - for the CEO.
If you look at DM’s recent history, this is his 4th different leadership job (and promotion) in less than 3 years. Any mere mortal would require a little more seasoning and experience to get to know the position and people before being significantly useful, but the ELT is full of light workers who know everything, so they can decide who can hop anywhere and everywhere without any in-depth experience and solve all our problems. That is why we are doing so well and our market capitalization (correlated to value growth) is soaring compared to, say, EOG.
Or, if we want to look at this from a CDQ perspective of alternatives, maybe the ELT takes care of their friends.
I wish DH best!
DR had a common-sense steady leadership. He remained outwardly calm despite the executive churn above him, including people, ideas, processes, requests, sensitivities, and demands that were constantly forced upon him. I hope he enjoys the next phase of his life away from the academic micro-managing control freaks above him, who have zero common sense, but are the company’s best at looking thoughtful and communicating how brilliant they are.
Got to love the new guy he is as texan, as bangers and mash.
Live from the ECO project, and Expat who is here to cut american jobs, save us POTUS.
DH will be out the door any day now...
Where Don H went?
I for one welcome our British overlords.
Wow, you’re not even aware that your soul is being s---ed away.
These are exciting times and anywhere you see there are good news coming right and left. If I am an employee I will never think of leaving even in dream. If I am looking for job I will only pray to get in. No carrier worries here at all no matter who I talked with.
I just looked at the transcript of the town hall and I did Nazi this coming: "Twenty six years ago in the North Sea the Nazi was growing pretty."
Overall, I thought the townhall was pretty good. It gave us a chance to find out a little about DM, who he is, and what he stands for. Safety first and holding ourselves to the higher standard was nice to hear, as was his different philosophies on ways of working.
A very clear takeaway was that we must deliver what we commit to and must deliver on production growth. I liked the part where he said “problems are not our enemy, hidden problems are our enemy” and then followed it up with “bad news early is good news”. This is so very true, maybe some of the BUs will heed that advice and start coming clean on some of the BS they’ve been sneaking past the former L48 president in past years. We’ll see how this all shakes out now that the L48 is just one VCIP award unit, but from what I heard yesterday, DM is on the right track and I look gorward to him leading our L48 organization.
I get that it is good for the company to be flexible and react to the market, but it sure doesn't feel "fabulous" when the rig is moving away from the asset you work. That word choice was definitely tone deaf.
By golly, he pretty much is a Texan! Didn't you hear the man? Houston is his second home! And, Astros y'all!
The cronyism of the ELT continues. An American would have been better suited to deal with issues here, especially Texas.
He touted the importance of being "professional" and "under control". Well, he's got the 'under control' part down. The Q&A portion of the town hall was only pre-screened and scripted questions.