Near the end of trading today, Oxy’s market cap is $10.56 billion ($11.70 per share).
Warren Buffet holds $10 billion in preferred stock with 8% annual dividend ($800 million/year) that can’t be cut
Like it or not, Warren already owns Oxy.
What giant CF authored by VH (Roll Tide, smirk smirk) and her henchman / minions!
How were they legally allowed to get that “private” financing from Warren without a shareholder vote? All executive salaries and bonuses should be clawed back ASAP.