@catfish1957 Please, tell us more ;)!
I only met him once as. a mandatory receiving line of facility department managers at a company event. Believe me, I was a peon versus Rexus Maximus.
I used to think highly of RT early in his tenure as CEO. Then came a few decisions in retrospect which are causing the company to lose ground to Chevron.
(1) XTO acquisition. Underestimating strategic NG prices are and will cause the company to suffer for some time to come.
(2) The planned Russian expansion were a complete bust, due to the inability to manage geo-political trends. Forgot the $ amount but it was not pretty.
(3) Stock price when he became CEO was $61/sh. Now it is $72/sh Ballparkish that it about a 2% incremental increase annually. Yuck.
(4) Tillerson and his predecessors have archaic ideas of how to treat up and coming professionals. I won't give too details, but I'll just say that a hot shot engineer coming right out of college is likely going to give a much more favorable look to XOM's competitors. This will hurt to company immeausrably for a long time.
(5) Knowing RT's management philosophy adding to the fact UT is the most liberal university in Texas? It will be a match almost as bad as the State Dept.
Don't get me wrong, I am a very proud to be a retiree of this great company. It is not an accident that this is the biggest American oil company, and there is great talent doing great things.
