Buying companies with no plan to integrate into the larger company and allowing them to run on their own was no way to do business.
Weatherford bought some great companies that were ahead of their peers. Not having the vision or wherewithal to stay the course doomed them to see those peers catch and pass them.
Excellent point by @WidNYne-1cmz.
What the F*** was that big crashing noise ???
Reliably informed it was just Weatherford share price hitting the floor !!!!
FYI:
We did not have enough Chiefs to rule the Indians in this Fine Company.
I find it hard to believe that you think Weatherford management lacks vision.
I mean we have a dynamic skills based top tier hard working hungry profit driven qualified management team at Weatherford that is renowned in the oil fields and dare i say it, renowned in big business the world over for its accountability and organizational excellence.
Weatherford management is a byword for honesty, integrety, and transparency.
If Weatherford is failing i suggest its because we dont have enough managers and VP's and i would hire even more, because as you all know the famous phrase at Weatherford is "Theres always room at the top"
Espescially for friends and family members.
The POS Jag was our leader, and is still the analogy for WFT.
At one point it looked fancy, but was always riddled with problems, over valued, unable to beat out competition & cut corners everywhere. The people who worked on it hated their jobs, it was only appealing to the owner who benefited from its failure. One time we tried to cover the hubcaps in spray paint to make them look better, but the SEC fined us 140 million dollars.
whose was the guidance and leader at that time... is responsible for this mess
Good insight