Article posted today by Texas Monthly:
https://www.texasmonthly.com/news/how-the-most-hyped-u-s-oil-merger-in-a-decade-went-bust/
“No one seemed bothered that unlike most modern-day CEOs, Hollub was largely unfamiliar with the financial world. Chazen would stay on for a year as her guide. Anyway, Hollub was smart. She would rely on experts. She would never do anything crazy.”
“Arguably, Occidental found itself in an eat-or-be-eaten situation, and Hollub’s decision was to brandish her knife and fork.”
“Hollub relied on an in-house financial team that many saw as second-rate, entrusting the Anadarko acquisition bid to them rather than using experienced dealmakers from outside investment firms.”
“an eavesdropper heard [Anadarko’s CEO] Walker and [Chevron CEO] Wirth sniggering about Hollub like middle schoolers”