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re: Schlumberger announces 9000 job cuts due to low oil prices
Posted on 1/15/15 at 10:22 pm to tketaco
Posted on 1/15/15 at 10:22 pm to tketaco
quote:
Where did they put the money? They weren't planning on prices ever going down? Execs must of spent most of it on hookers and blow.
Dividends to shareholders?
Posted on 1/15/15 at 10:26 pm to stout
quote:
Dividends to shareholders?
I would think they kept a little.
Sounds like the brass is trying to keep off (or avoid altogether) their pay cuts/reduced bonuses as long as possible and taking the opportunity to trim some fat, as well.
That's the playbook for every other industry so I don't see what makes oil so special in that regard.
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