Thread regarding Dril-Quip Inc. layoffs

Why is Blake bad as CEO

10-Revenue dropped 60% between 2014 and 2017! His pay went up 25% in the same period.

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2-created a culture of idolatry and non performance.

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3-Unable to effectively launch new products as he wants all decisions to be made by him.

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4-Created a culture of nepotism and promoted his friends to executive positions. Hired his college roommate as a VP of Sales!

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5-Fired head of Sales for getting toaster on fire!

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6-No risk means no reward for DQ. But his pay goes up regardless!

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7-Obtained more patents as a CEO than as engineer (and he did not engineer much)

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8-TIW acquisition was a bad investment that everyone else took a pass on

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