Started By
Message

re: Schlumberger announces 9000 job cuts due to low oil prices

Posted on 1/15/15 at 10:22 pm to
Posted by stout
Porte du Lafitte
Member since Sep 2006
170278 posts
Posted on 1/15/15 at 10:22 pm to
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 by Walking the Earth
Member since Feb 2013
17264 posts
Posted on 1/15/15 at 10:26 pm to
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.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram