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Started By
Message
re: Schlumberger cut 25,000 jobs, paid CEO $18 million in 2015
Posted on 2/19/16 at 5:18 pm to Kujo
Posted on 2/19/16 at 5:18 pm to Kujo
quote:This is a significant sign that you are COMPLETELY unqualified to discuss the subject.
I get why there's a 17% chance if you're 7 feet tall, you play in the NBA. What I don't get is what these CEO's do that is that much out of what any educated business man could do?
To restate. I run a $17M program with a 4 year time to completion and I'm responsible for the goings on of about 40 employees plus interaction with government agencies, and other in house programs that share resources with me.
I'm an "educated" businessman by any reasonable definition.
Schulumberger has $49B in revenue and around 90K employees.
If you think you can grab me up or "any educated businessman" and plop them into being in charge of a company with $49B in revenue and that many employees, you're fricking inane.
If I was plopped into his job tomorrow, I would fail so spectacularly, they'd write books about it for 100 years.
You have literally NO frickING IDEA what you're talking about.
quote:Because you can't. If the board thought they could get their $49B company run by hiring someone for $1M, they'd do it in a hearbeat.
Regardless, why pay someone 18 mill if you could find comparable for $1 mill?
They'd also bankrupt the company.
1
Posted on 2/19/16 at 5:21 pm to yoga girl
quote:
we need regulations capping CEO pay.
Posted on 2/19/16 at 5:21 pm to yoga girl
quote:
his is why I support capping CEO pay at 6.0 m per year. That is more than sufficient compensation, and I'm tired of seeing Wall St. CEO's unjustly enriched.
Who the frick are you to tell a private company what it can pay its head honcho? He/She is worth every bit of money that the company's board deems them worth. You have nothing to do with how much those people make. Their money is made based off their businesses revenue.
Posted on 2/19/16 at 5:22 pm to Cosmo
Schlumberger is a French company
Kibsgaard is a Norwegian citizen
WTF is this we should cap CEO pay? Who is we?
BTW Kibsgaard makes about $1.1mm in salary, most of this is deferred compensation, stock options, etc
Kibsgaard is a Norwegian citizen
WTF is this we should cap CEO pay? Who is we?
BTW Kibsgaard makes about $1.1mm in salary, most of this is deferred compensation, stock options, etc
Posted on 2/19/16 at 5:24 pm to ShortyRob
quote:
If you think you can grab me up or "any educated businessman" and plop them into being in charge of a company with $49B in revenue and that many employees, you're fricking inane.
yeah, all by themselves, no one else does anything.
OBAMA runs the military, planning operations, giving the go ahead on drone strikes......how much leg work does he really do as commander in chief?
This post was edited on 2/19/16 at 5:27 pm
Posted on 2/19/16 at 5:25 pm to Cdawg
So stupid
Frankly a guy like Kibsgaard's only role is to make investors feel good about his leadership of the company. He was handpicked by Andrew Gould to be his successor. Kibsgaard is not even legacy SLB, he came from Exxon. He probably doesn't know much about the segments or their operations, that is not his job.
Frankly a guy like Kibsgaard's only role is to make investors feel good about his leadership of the company. He was handpicked by Andrew Gould to be his successor. Kibsgaard is not even legacy SLB, he came from Exxon. He probably doesn't know much about the segments or their operations, that is not his job.
Posted on 2/19/16 at 5:25 pm to yoga girl
quote:
This is why I support capping CEO pay at 6.0 m per year. That is more than sufficient compensation
quote:
yoga girl
Checks out.
Posted on 2/19/16 at 5:25 pm to ksayetiger
quote:
lets pretend the average salary for each worker laid off is 40,000 year.
I worked there a very long time. The average is closer to $80k.
Posted on 2/19/16 at 5:27 pm to sean5340
I am one of the 25,000
There were layoffs today, it isn't over yet
There were layoffs today, it isn't over yet
Posted on 2/19/16 at 5:29 pm to Kujo
quote:
yeah, all by themselves, no one else does anything.
I don't do MY job "all by myself".
You have no idea what you're talking about. Trust me. It's harder than your McDonald's shift manager job.
Posted on 2/19/16 at 5:30 pm to yoga girl
quote:
This is why I support capping CEO pay at 6.0 m per year. That is more than sufficient compensation, and I'm tired of seeing Wall St. CEO's unjustly enriched.
Whoa, that's dumb.
Posted on 2/19/16 at 5:32 pm to Street Hawk
Dude must have a killer F250 and couple Yetis for that kind of bread.
Posted on 2/19/16 at 5:32 pm to Kujo
quote:No but they usually possess qualities of salesmanship that allow them to look people straight in the eyes and utter absolute horse shite like, 'I'm really very,very smart and make really, really good deals so whatever I'm saying or doing is really, really great and we will win'.
CEO's are that much more intelligent?
That type of dominance usually elicits obediance by placing others in what Milgram called the agentic mode.
Of course, these guys do usually have requisite MBA-type strengths, public communications strengths, interpersonal communication strengths, and a formidable strength of will (I mean you'd have to right, to look at 25K actual people as merely data points on a spread sheet?). So their ability to bullshite, while paramount, is not their only ability.
Is all that worth the dollars that a board full of like-minded, incestuous brothers (and occasionally the token sister) rains down upon them?
Posted on 2/19/16 at 5:35 pm to ShortyRob
quote:
I don't do MY job "all by myself". You have no idea what you're talking about. Trust me. It's harder than your McDonald's shift manager job
I'm in upper management of a billion dollar company. The sheer number of meeting our ceo has to go to makes my mind fuggin wonder at how he ever gets any work done. I'm in school to one day be on the executive team somewhere and hopefully make a crap ton of money while not destroying the buisness.
This post was edited on 2/19/16 at 5:36 pm
Posted on 2/19/16 at 5:37 pm to yoga girl
quote:
This is why I support capping CEO pay at 6.0 m per year. That is more than sufficient compensation, and I'm tired of seeing Wall St. CEO's unjustly enriched.
So we say screw the "Land of the Free" bullshite and lets just call it the "Land of the Overly Regulated".
While we are at it lets cap every salary with what we think is "fair" and use the excess money to give to the less fortunate and we all can live happily ever after.
Posted on 2/19/16 at 5:39 pm to supatigah
quote:
I am one of the 25,000
There were layoffs today, it isn't over yet
This is correct. The 25k was the 2015 total, in January he announced another 10k, I was in the January batch. Copy went from 120k employees a year and a half ago to around 80k now.
Eta. Not counting the employees from Cameron
This post was edited on 2/19/16 at 5:43 pm
Posted on 2/19/16 at 5:44 pm to Knight of Old
I remember seeing this clip.
Congressman Henry Waxman
Thought about Bush, Romney, and others. Are they really intelligent? Could they hold their own with PhD's in economics, mathematics, sciences?
I know that these aren't CEO's but they are in a way, someone saw something in them to donate millions to their political campaigns, just like someone thinks a guy who loses $13 billion is worth$18 mill/year
Congressman Henry Waxman
Thought about Bush, Romney, and others. Are they really intelligent? Could they hold their own with PhD's in economics, mathematics, sciences?
I know that these aren't CEO's but they are in a way, someone saw something in them to donate millions to their political campaigns, just like someone thinks a guy who loses $13 billion is worth$18 mill/year
This post was edited on 2/19/16 at 5:48 pm
Posted on 2/19/16 at 5:49 pm to yoga girl
quote:
we need regulations capping CEO pay
Wow you're completely batshit retarded.
Posted on 2/19/16 at 5:50 pm to Kujo
quote:
Regardless, why pay someone 18 mill if you could find comparable for $1 mill?
Because you can't you stupid SOB. What do you think these companies just want to shell out that kind of money for a single person?!? If they didn't see the value I can promise you they wouldn't do it, they're much smarter than that. It's because he's in that high of demand and other companies are lined up to pay millions and millions too for him.
Posted on 2/19/16 at 5:52 pm to TitleistProV1X
quote:
If they didn't see the value I can promise you they wouldn't do it, they're much smarter than that
ah, so the Jackson Pollock' argument
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