"Good leaders delegate and empower others liberally, but they pay attention to details, every day."
- Colin Powell
Do you think our leaders at Oxy care about details or even empower others?
Think about how small details can cause huge catastrophies in our industry.
Letting details slide is how VH handles her company and that is why we are in this mess. Its not like a huge amount of debt is a small detail bit really she must have missed something because even with stable oil prices the acquisition was not a backed with good due diligence data.
Fast forward to OCT 2020... VH and her crew worked on a spin message to send out about BJ retiring. Yet... CpChem throws out a press release about him joining no less than 24 hours later.
But guess what... VH was so worried about the spin, she forgot the details. It is ~10 days later, after the CPChem announcement, and he is still listed in the management bios on the Oxy website. Something that takes 2 minutes to edit and yet we are still wondering why Oxy had a hard time integrating anything from LAPC. Its a top down problem.
Thank goodness I got my Oxy divended just now.... I can now buy 30 lotto tickets that have just about the same odds at success that Oxy has.