2.0
May 7, 2014
Not looking good in the short term
Current employee, more than 3 years
Perth, Australia Occidental
Recommend
CEO approval
Business Outlook
Pros
Used to be friendly, collaborative.
Cons
All was well while the ASX was climbing, but now management realises that the entire valuation of WorleyParsons is based on its profit earning potential and the exec management are panicked. Years of high dividends and not investing back into its systems and processes has left it with a major headache. Too immature to succeed in the big league, too expensive to play in the little league.