Dril-Quip lost over $110 million in last 4 quarters combined yet Blake's pay went up to $4million per year.
Now Dril-Quip has to come up with $50million in savings. Considering that number of executives was increased,
and that top 5 guys made combined salary
of almost $13million in 2017-easy to see where the problem is!!!
Time to change the management!!!!
Blake wants the company to fail so he can go be with his wife out in the hill country, you think he can trust her with all that wine and Mexicans around
It’s easy to see where they are going to start with saving money. It will be another 10% pay cut to all workers this time across DQ sites. Followed by closures of a number of sites.
The way the industry is going locally here, wages are rising to get good talent in the door. This statement by Blake paints a different future for DQ.