we use Microsoft Outlook -- no Mobil email addys
as of yet. then again, if I was at work today I
wouldn't be able to respond to this message since internet
access is extremely restricted at xon (no desktop access
for most folks). even if you've got access, logging
on to a site like yahoo for non-business purposes is
a terminable offense...hope you Mobilites who
choose to come over aren't too attached to your 9/80
work schedule or annual bonuses, cause they're gone.
get ready for a string of salary treatments that
might beat inflation on a good year, and hope you
remember your last promotion, since 8-10+ yrs between
promotions is not uncommon at xon. if you can, take the
money and RUN!!!!
Gee - I must work for a totally different Exxon.
All the ranting on this board and the MOB board makes
Exxon out to be the worst company in the world! I know
that there are times that promotions don't come for
years and raises are not the greatest, but I have never
gone a year without a raise and promotions have been
quite generous (I started out as a non-exempt.) And I
can honestly say that I don't kiss butt. In fact one
of my supervisors told me that I wasn't political
enough and I told him that is not my style. Like it or
Anyway, even though I am nervous
about what is to be, I hope to be a part of it anyway.
I have worked with Mobil employees on committees
and at conferences and found them to be just as
dedicated as anyone I know at Exxon and very nice to work
with. Most people are afraid of change and if I have to
go find another job, it is just another challenge to
face, just like the challenge of combining two
companies. Good luck to everyone! I am looking forward to
working with you (hopefully!) We have a lot to learn from
The Exxon culture is little different than our
own. Bonus? What is a bonus? In recent years with
"Best Practice Metrics" - which we all recognize as an
ambiguous set of intagables, it is impossible to accurately
predict your "piece of the pie". You are absolutely
correct on your time line for promotions. 9/80's are a
relatively recent phenomenon and are not a major concern to
most folks. Despite your cheery assesment of life
inside Exxon, I'm looking forward to it.
The message should be as
The day of reconning is fast approaching on which you
can kiss your ass goodbye to your job at either Mobil
or the new XOM. You are deadwood that needs to be
and must be cut from the organization. There are many
more qualified true Exxoners who can and will be doing
your job. And some of your jobs will never be done
again anyway. If you are a Diversity trainer.....you
ass is grass. Your company has been bought out and
you will suffer the consequences. That is the law of
nature and Mr. Darwin has never been proven wrong.
I heard that this was done a while ago so that
the people on the transition teams could communicate
information easier. Maybe the only people with access to the
lists were those on the transition teams, and now
everyone can use them. I don't know!
Merger questions push Exxon stock down
By Dianne Solis / The Dallas Morning News
value of Exxon Corp. stock has fallen nearly
percent since it peaked at $87.25 in May. It closed
$72.19 Tuesday, down 81 cents.
Like others in the
industry, analysts say, Irving-based
Exxon is being
hammered as crude oil reaches a
price point that is
triggering computerized institutional
trading in the
But it is the uncertainty about
merger with Mobil Corp. that has
"Uncertainty is the worst thing for investors," said
Gheit, an energy analyst with Fahnestock &
investment research firm in New York.
really care how much flesh the
regulators are going
to carve out of Exxon and
Mobil. But they want
the process of nibbling over."
Intermediate oil pierced the magic
trading level of $25 a
barrel late last month on the
New York Mercantile
Exchange. But it's been sliding
and closed Tuesday at
$23.45 a barrel, down 31 cents.
Exxon closed at nearly $80 a
share. Mobil, likewise,
fell 2 percent on Tuesday, or
$1.88, to close at
$94.63. Mobil, based in Fairfax,
Va., traded as high
as $106 a share in early September.
spokesman Edward Burwell said he remains
regulatory approval is imminent. Mr.
comment on Exxon's sagging stock price.
Washington, a spokeswoman at the Federal Trade
declined to comment.
Lawyers familiar with the
Exxon negotiations have
said that the delay has been
caused by Exxon's
refusal to shed assets, principally
gas stations in the
Northeast, a refinery in
California and a pipeline
property in the Southeast.
Regulators had threatened
to block Exxon's buyout of
Mobil through a court
injunction, unless the firms
agreed to significant
divestitures by Sept. 29. As of
last week, progress
was being made, lawyers
familiar with negotiations said.
Wall Street fears
that regulators may extract too
hurting efficiencies that Exxon
expects to achieve
through the merger, said energy
analyst Kate Warne of
Edward Jones brokerage in
weeks, some analysts trimmed Exxon's
earnings estimates to 62 cents a share,
58 cents in the year-ago period, said
director Chuck Hill of First Call.
Raymond continues his relentless devaluation of
MOB & XON due to vanity issues. Noto stands in the
corner like a hostage, careful not to remind Raymond of
the pain and suffering he's inflicting on countless
retirees. The greatest squandered opportunity since the
advent of the industrial revolution is upon them, and
only the apologists can speak.
What would Raymonds salary be...If he were paid
for performance ? The management team he has
surrounded himself with must really be stooges to be able to
ignore the fact that the price of XON's underlying
comoditiy has doubled in price, gas is up 20 - 30 % at the
pump, and still the loses mount. One man killing 2
companies this big, this quick is unprecedented and will be
a case study for years to come.
all of the other majors are up significantly today except xon?
Hmmm, could it be that the big boys know something that we peons don't know? My guess is that earnings are going to be a disaster.
than most large companies with lots of people on
the payroll. Exxon has used forced ranking (otherwise
known as relative performance assessment) over my 30+
year career. It's certainly not a perfect or fair
system - but, not sure what could/should replace
Forced ranking results in dividing up the payroll budget
based on which quintile of the final rank group a
person is placed in. The amount and frequency varies
based on quintile,time in grade and a subjective
"potential" assigned to each individual. The frequency varies
from 12 months to not at all. As an individual moves
through quintiles based on performance relative to others
in his/her general line of work the amount and
This approach does not apply to
those in the "unclassified" levels (level 31 and up). I
think their increases are applied based on divine
I would agree that it would be very unusual for an
employee to receive a salary increase every 12 months for
an entire career but it's possible. Most likely
scenario is that it varies and that most normal (level 30
and below) employees will have a "skip year" from
time-to-time during which they will not receive a salary