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re: Exxon was the world's largest company in 2013. Now it's being kicked out of the Dow
Posted on 8/29/20 at 7:27 am to Pelican fan99
Posted on 8/29/20 at 7:27 am to Pelican fan99
quote:
Rex Tillerson
Paid way too much money for XTO because Exxon’s arrogance made them ignore shale until it was too late then he thought they could buy their way in. Although he at least maintained the stock price for the most part, Darren Woods has proudly presided over the company losing over half its valuation since he took over. That’s what happens when a downstream guy runs a company that makes all its money pulling oil out of the ground. Exxon needs to go steal the highest level executive they can get from Chevron.
They also lost their edge when they decided to cave to the SJW mob and made inclusion and diversity more important than skill set in their hiring and promotional decisions. They tried to overcome 100 years of hiring and promoting only white males by persecuting them and hiring the first red, yellow and brown employees that applied for jobs. Employees spending more time meeting in company sponsored diversity chapters than doing their real work. It’s been horrible for the morale of everyone else, and hiring And retaining the best and brightest has become an afterthought in favor of ensuring meetings look like a meeting of the UN.
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