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Baker Hughes Incorporated Message Board

  • hard_loiner hard_loiner Dec 5, 2012 3:09 PM Flag

    Nothing has changed in 2 months since I posted my msg. to get new management.

    BHI needs a proven oil service management team. The existing team seems to be sleepwalking. Buying BJS was a moronic decision "I don't believe Craighead was involved in that" but correct me if I'm wrong.
    I still feel Craighead should be replaced.

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    • SLB should get rid of their new CEO too. The stock has done nothing but go straight down under the new guy. I guess the former CEO's of BHI and SLB knew to get out while the getting was good. Either that or this new crop is a bunch of #$%$.

    • The real issue is to do surgery now to cut out cancers within the organization. Start with the industrial division and unload expensive cost centers, reallocate capital to core businesses, and maximize the bottom line. Cut out smoke and mirror agent and resale business that exists only to prop up unprofitable product lines.

 
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