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Posted on 1/21/16 at 10:51 am to rocket31
quote:
The CEO is replaceable.
Not the good ones.
Posted on 1/21/16 at 10:52 am to rocket31
quote:
The CEO is replaceable.
and thats determined all the time in the corporate world
Posted on 1/21/16 at 10:54 am to Hulkklogan
quote:
I hope this pushes our energy industry to pursue more green energy. Whether you think climate change is a crock of crap or not, we have to get off our fossil fuel dependence.
Low cost oil is KILLING renewable energy. It had a hard time cpompeting at $100/bbl. at $20/bbl it has not chance. none at all.
Posted on 1/21/16 at 10:55 am to loganfoster
quote:
I'd like to chime in.....
IMO all this talk about should've chosen a different career is BS. In South Louisiana let's say 60% of people work in the o&g industry. The other 40 work in other areas. If that 60% loses jobs or takes a pay cut, the other 40% is going to feel the hit as well. The reason being is if people are not making money.....they're not spending money!
So regardless of what a individual chose to do with there life, I'd say at least 90% of our lives revolve around the oil industry in some way.
From Pablo building the scaffold for Hector to paint a pipe.......to Susan that's a contract lawyer for a big refinery.......we all feel it
You should have kept this to yourself. It's all shite we are well aware of but with severely skewed numbers then you add in racial stereotypes to boot.
Posted on 1/21/16 at 10:57 am to cave canem
Posted on 1/21/16 at 10:58 am to OceanMan
Fair analysis, but my point is that without the labor of hundreds of thousands of grunts, the CEOs job doesn't even exist. His salary depends on them.
So in my eyes, the grunts labor, while certainly not as valuable as the CEOs, still should be within reason.
So no I do not believe a CEO should be paid $25 million when thousands of jobs could be saved if he made only $10 (for example)
So in my eyes, the grunts labor, while certainly not as valuable as the CEOs, still should be within reason.
So no I do not believe a CEO should be paid $25 million when thousands of jobs could be saved if he made only $10 (for example)
Posted on 1/21/16 at 10:58 am to stout
hey man, i like racial stereos
Posted on 1/21/16 at 11:01 am to rocket31
quote:
Lebron James is severely underpaid.
But it's not even comparable. The CEO is replaceable.
So, you are on a ship, you are on course to run into a hurricane-like thunderstorm. The Captain set that course. He could have known better, maybe he should have known better. Are you now looking to replace that Captain as you prepare for the imminent storm? Are you going to raise your hand to take over the fate of the ship and all of the blame if you fail?
In other words, are you sitting on the deck looking for someone to blame about how you got there, or are you more worried about weathering the storm?
Sure, top-level executives get paid ridiculous sums of money, but don't act like their jobs are not extremely difficult.
Posted on 1/21/16 at 11:01 am to The Egg
Me too, egg...me too
Posted on 1/21/16 at 11:02 am to Janky
quote:
The CEO is replaceable.
Not the good ones.
Shell's is not very Good!
Posted on 1/21/16 at 11:03 am to OceanMan
i guess i'm of the opinion that these CEO salaries being lowered wouldn't save anyone's jobs in this downturn.
Posted on 1/21/16 at 11:04 am to loganfoster
Logan, you sound both uneducated and mad
Posted on 1/21/16 at 11:05 am to yellowfin
I have 3 months locked in at my current job. I'm hoping to land in the ME somewhere back on a rotation after those 3 months. I've already found a fully furnished place near the beach in Namibia for $350 a month. I can live off a $1,000 a month there. My other option is move to Thailand but I'd spend too much on Thai prostitutes.
Posted on 1/21/16 at 11:08 am to redstick13
damm son, yall hiring?
Posted on 1/21/16 at 11:12 am to rocket31
quote:
So no I do not believe a CEO should be paid $25 million when thousands of jobs could be saved if he made only $10 (for example)
and then what? If there is no work, do they just sit around and do nothing? There is no value in that and its not how the real world works. Maybe in government that flies and we see where that has us headed
Posted on 1/21/16 at 11:14 am to The Egg
I"m not sure we'll ever hire again. All of us still working are hoping we aren't left without a chair when the music stops this year. It's a bad position to be in. We were too good to be laid off and now our districts are in danger of shutting down and there may be nowhere to relocate us.
The people who were released in the early rounds took up all the free jobs.
All of us still working are hoping we aren't left without a chair when the music stops this year. It's a bad position to be in. We were too good to be laid off and now our districts are in danger of shutting down and there may be nowhere to relocate us. The people who were released in the early rounds took up all the free jobs.
Posted on 1/21/16 at 11:17 am to Boagni Swamp
quote:They put out their output projections years in advance. They have done nothing outlandish above those projections. The oversupply of oil happened because of 2 primary factors.
I still see the Saudis as the main culprit.
1) US shale oil way surpassed what anyone expected and
2) Demand from several countries (China being the biggest) took a very big dip and that was also unexpected.
Posted on 1/21/16 at 11:18 am to rocket31
quote:
So no I do not believe a CEO should be paid $25 million when thousands of jobs could be saved if he made only $10 (for example)
I know you are just trying to make a point, and I get it, but if you cut $15M, and think you are even saving one thousand jobs, those jobs were worth $15k/year. That particular job that pays that sort of salary is going to be very low-skilled, and not O&G specific. Our country has many of those jobs available, no one seems to want to take them.
I admit that this is a bit of a straw man argument, but I still make it to try and illustrate that saying he makes "too much" may be off-base. For the record, it appears that the $25M is from 2014, which includes bonuses and other incentive comp. Base salary is 5.6M Euros ($6M). So, I think it is safe to say that he won't be making 2014 cash in 2016. So in good times, he can make over 4x his base salary. Or, he can make 25% of what he made in previous years due to economic conditions. Just like every other working human, those bad times hurt relatively, and he had to plan just like everyone else for it.
Posted on 1/21/16 at 11:20 am to htownjeep
quote:
1) US shale oil way surpassed what anyone expected and
2) Demand from several countries (China being the biggest) took a very big dip and that was also unexpected.
Correct on both points. The US is quick to point the blame at the Saudis but they are just doing what they always have. The West Texas and North Dakota booms are what's sinking the industry. Once again, America got greedy.
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