Chevron chiefs face shareholders afte...

Chevron chiefs face shareholders after huge $18bn Ecuador fine

There are 1 comment on the Guardian Unlimited story from May 25, 2011, titled Chevron chiefs face shareholders after huge $18bn Ecuador fine. In it, Guardian Unlimited reports that:

California-based oil company criticised by investors for 'take no prisoner' attitude to Ecuador judgment 'Chevron [should] cease its lies and pay,' said Humberto Piaguaje, an Ecuadorian tribal leader attending the AGM.

Join the discussion below, or Read more at Guardian Unlimited.

Dwight Baker

Eagle Pass, TX

#1 May 26, 2011
What is the Worth?
By Dwight Baker
May 26, 2011
[email protected]

Crunching numbers seems to be the only way that worth has come to be established. But is that nonsense? And does that manner of approaching the bigger issues in life seem appropriate?

Value or what is it Worth seems to have escaped corporate minded money managers of the BIG TILL in the sky. I contend and will defend that most corporate minded money managers have a dim view when it comes to looking down the road. Putting off sane sound thinking and putting up with mental impotence has become the order of the day.

Putting out a bid request to have a job done then relying on the cheapest one to do it right the first time and best without knowing what was asked for is a far and distant cry out for establishing true value or worth. And what kind of rocks is left in the road to run over when doing business that way?

Many jagged rocks are left in the road that will cause personal unknowns to happen on that corporate money managerís watch. For what does counting money and running ledgers have to do with working with ones hands and mind at the same time to get the real worth from the job being done right the first time? Not a thing?

But I fear that is where many of our heavy industry folks minds reside today, making ledgers running tallies preparing for board meetings, without the clear view of doing it right the first time. How can any one be all to all? And that may soon become the fall of mans epic adventures from hunter gather to where would like to think we have arrived.

Simply put, on the ground with hands on mind in the game managers of men and machines has escaped most of having intrinsic worth. And I think and believe that has resulted from having books upon books of plans procedures and products specifications that are relied upon by corporate minded money managers to establish cost value and in the end worth.

And if we keep on that corporate minded money managerís path we might find out soon --- man does not fool Mother Nature, with balance sheets and knowing how to crook and cook the books.

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