https://www.barrons.com/articles/occidental-ceo-berkshire-buyout-f96a4701
16 replies (most recent on top)
VH picked 6 out of 9 board members . She is the board . That explains the train wreck . You all are fu***.
But the board of directors should have a say in the major capital programs. Maybe they are to blame too. Unless the decisions were intentionally separated into low capital pieces to fit with the authority of the CEO.
It’s too bad, not at all the track Chazen put it on. Need an Oil Man to run an oil company. Cut the BS and the misfires. You can’t swing and miss every time, not when the stakes are this high on every pitch
https://www.fool.co.uk/2025/05/02/prediction-i-think-this-stock-could-be-warren-buffetts-next-big-acquisition/
@ko+1, she wiped out half your retirement? Really? Did you do something stupid and put all of your money in Oxy stock? Read a book about diversification.
Too bad Bernie is rich and smart. We need someone rich and d-mb to have a hope to hang on.
@g0+1jt3t1pjb: If her heart was really in it, she would’ve stepped aside instead of wiping out half our retirements while her net worth shot up to tens of millions. She’s in this for money, power, and payback—definitely not for the employees. We started at the same time, but while she got rich, my hard-earned LTI got cut in half. She’s basically the next Jeffrey Skilling.
Need a straight sho-ter who talks oil, not diversity quotas or carbon credit schemes.
Maybe retirement is an option. She did some good and her heart was there but unfortunately it didn’t work out. The big question is who will step up to be the next CEO.
A CEO cannot just put information out for public consumption without the SEC taking notice. This is a slippery slope especially if it is interpreted as some form of soft guidance on future plans.
I am not so sure her reasoning for sharing her thoughts to the media, but maybe she is just putting it out there to see the public's reaction.
Perhaps a takeover by BH would result in liquidation of international assets to pay the debt off. Then BH would be left with essentially a shale play company and offshore GOA. Even GOA may not last long before being sold.
This should do a lot for morale at the company. There need to be some changes if that is how the CEO feels. Has the board started to look for a new CEO yet?
@at+1jt3t1pjb, Forbes is the source. Pay attention or do some research before you post something d-mb.
VH motto: Buy high sell low. With current low oil prices , it makes sense.
Who says Vicki wants to sell? Name your sources.