“Attention Exxon employees:
As you know, we are currently hemorrhaging money, most of it via a dividend we can’t afford. Even the dipshits in HR know we need to cut it. Anyway, we are going to keep the dividend the same and just cut your retirement benefits instead.” - $XOM CEO https://twitter.com/shariqrtrs/status/1290791084063301634
“By cutting your retirement match, we will literally save tens of millions of dollars. And, hopefully, it will make a few of you decide that you don’t work at this hellhole any longer.

Yes, a question in the back. How much do we spend on dividends?
$3.7 billion...a quarter.”
“Yes, question in the back?”

“Did you see $BP cut its dividend 50% today and traded up 8%?”

“Uh, ya. So? Anyway, time for one more question”

“Mr. Woods, since you are so terrible at basic math, can you let us know where you went to college so I know not to send my kids there?”
The Aggies when I report that yet another one of their ring-wearing cult members is making poor business decisions and destroying capital.
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