Matthew Fleeger has been in the oil business for the majority of his career, and through that time he’s seen some ups and downs. While he works more on the investment side of the oil business, he has been deeply affected by the ups and downs of it. Being CEO of Gulf Coast Western, there’s almost nothing that Matthew Fleeger hasn’t experienced when it comes to oil.
One of the biggest things that Mr. Fleeger and Gulf Coast Western had to go through was the recent oil recession, which ended up being quite brutal for many leaders in the oil business. Matthew Fleeger and Gulf Coast Western were able to get through it relatively unscathed. But how was it that he accomplished this feat? In short, he did so by getting creative and focusing on efficiency.
He did this by evaluating the entire company and finding ways to reduce the companies overhead while cutting as few employees as humanly possible. In interviews, he’s said that no creative idea was off limits when it came to protecting employees from being let go. Mr. Fleeger leaned heavily on his team, who he says was a significant part of the process of getting through the recession. Even though he’s often associated with the oil industry, Matthew Fleeger worked in a variety of other businesses before founding Gulf Coast Western.
These positions helped him gain experience when it came to handling his firm. With this experience in hand, he learned how to remain calm when there was a downturn in business; as he puts it, these downturns are cyclical and come about every now and again. Because of that, when it came to the likes of the recession, he was able to keep an even head while others in the industry were left trying to figure out what to do.