How his acquisitions strategy affects the company

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An investment analyst asked Pete Miller how his acquisitions strategy affects the company “from the top down in your company culture.” How does the company culture “allow your employees to buy into these new companies coming into the fold?” Miller replied, “I don't think a company like ours can have a culture. We're too spread out. In 63 countries, you've got all different cultures.” But he also added that employees understand how a strategy of acquisition provides opportunity. “I tell everybody in this company, I'm not sure what a CEO is supposed to do, but one of the things that I do try to do is provide opportunity to our employees. You provide that opportunity by growing. As you continue to grow and people actually see the opportunity, then they see what it affords to employees as well as customers.”

What about you? Would this theory of company culture, along with its theory about employee appreciation of opportunity, appeal to you? Would it be relevant to you in deciding whether to take a job at NOV? Would you want to work for a company with 64,000 employees in 63 countries?

Reference no: EM132277321

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