Thread regarding Anadarko Petroleum Corp. layoffs

A Giant F'U to the Shareholders

While the acquisition passed with overwhelming support (99%) an overwhelming majority (71%) voted against the executive compensation proposal. Regardless, those greedy punks are collectively taking home $300 million for ruining a once great company.

https://finance.yahoo.com/news/anadarko-shareholders-cash-38-billion-174937826.html

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| 3201 views | | 4 replies (last August 12, 2019) | Reply
Post ID: @OP+10sYOqvC

4 replies (most recent on top)

Bernie gonna make them feel the burn if he gets elected.

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Post ID: @3rdy+10sYOqvC

Will the recently retired folks loose their retiree health insurance?

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Post ID: @yjg+10sYOqvC

The answer to your first question is corporate greed and corruption. The executives demand big contracts, their handpicked directors give it to them, and when they fail to perform their well paid and handpicked directors refuse to hold them accountable. Everyone gets rich and by that I mean 10-20 people. Everyone else is screwed.

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Post ID: @xhy+10sYOqvC

I have two questions. ps. I am not well versed in corporate America.

  1. The various news stories [from real outlets] state that the CEO will get various 10's millions in payout on the deal, and top execs (about 9 or 10) will get a total of $300 mil. Why? IF they were at the helm as Anadarko declined, why are they getting paid for what appears to be something short of success? Or is the point simply that they engineered a buyout that Anadarko shareholders make lots of money from?
  2. As I read through the news articles, Oxy went to the bond markets to get some money to help with the purchase - something like $13-15 billion; the market response was about $75 bn in offers. At the same time, Oxy bonds were downgraded to bottom of the investor grade level. SO there was about a 5x demand to buy bonds that are barely investment grade. Why? IS there really no other place to invest where the RoR would be less, but the risk would be a lot less? Again, I am not much of a corporate finance person, so I don't get it.
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Post ID: @qel+10sYOqvC

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