Thread regarding Occidental Petroleum Corp. layoffs

The first thing Ichan and his appointees will do is cut employee benefits. Then they will chop it up and sell it off in pieces - a little here, a little there. Nothing will be left to sell so no one gets Change of Control benefits. It will just go away.

You do not want Ichan anywhere near a company where you work. You end up screwed. He only bought shares because he was upset that WB got a good deal and he didn't get the same deal. THEN he buys shares. He wasn't a long time investor. He cares NOTHING about the company.

WAKE UP FOLKS

Icahn screwed SD and CHK. Neither one are doing well now under his hand. He and Huffmeister do not understand the synergies and only look at financials.

Icahn and his group are the worst thing for Oxy. The man will screw up the company to line his pockets. Go back and look at the Texaco and Pennzoil fiasco. Look where both companies are now.

Huffmeister is an HR guy and was a a bad experiment at Shell and was only there for a very short period of time and served as a spokesperson for the company not involved in the strategic vision or leadership. He was at GE, AlliedSignal (now Honeywell International) and Northern Telecom.
He would not add value to the Board.

I don't see how anyone would welcome a hedge fund guy to come in and give the gift of democracy and rights to express ourselves. Icahn's interests are not aligned with employees.
Check with Marathon and others in recent few years that "unlocked" value by creating pure plays. Marathon E&P is irrelevant and refinery has became the major player in US.
Selling bits and pieces with a strategy to make a quick dollar is not what employees or value investors are looking for. Maybe good for traders if you end up on right side of trade.

May get our opportunity to vote. The addition of Mr. Hoffmeister (former Shell Oil executive) would be a good addition to OXY Board.
May be looking at future sale of company in parts to maximize value:
Spin-off "Altura Properties" to shareholders....like California Resources
Sell-off Permian shale interests (Chevron would be a buyer)
Sell off DJ Basin shale interests
Sell-off international interests
Sell off Anadarko GOM interests.
There is a lot of un-realized value in the Anadarko & OXY interests.
OXY Executive Management called the Anadarko acquisition "transformative". Looks like they be right.

Who on earth would buy Oxy after this? It would be too expensive.

OXY people must be thick. OP is indeed referring to a future shareholder-initiated vote to sell the company. Icahn may be leading this effort. You people are worthy of the term OXY-mo–ns,

Is this a serious question or is the OP this completely oblivious to everything that has been going on?

I think OP was referring to Oxy shareholders getting an opportunity to vote in the near future on selling the company rather than vote on this Anadarko deal.

What rock have you been living under?? Oxy shareholders will not get a vote. That fact has been in the news from the beginning.

They won’t.

They sure don’t.