AUT
If you really have known VH for 20 years, you should talk to her. She needs to resign and donate any severance back to Oxy.
And the unprecedented situation VH is dealing with was created by her own (and the EC’s) combination of greed, arrogance, incompetence and stupidity.
In any other oil company, VH would’ve never been promoted to any sort of executive level.
And if you look at the original merger plan between OXY and APC, it does NOT hold up to any sort of scrutiny, even at its original market conditions. As Carl Icahn has suggested, VH and EC came up with the idea as a way to stay in power.
The nasty part of the whole deal is that legacy Oxy EE’s are going to get reamed much more than legacy APC EE’s. Nice job Vicki!
The seeds of OXY’s downfall were planted when VH brought the Apache Mafia into positions of power and she bought their BS hook, line and sinker. Most of the Apache Mafia were loudmouth men, who did not have any respect for her; they thought they were in control. 2nd issue is VH’s promotion of the Pink Mafia; promoting women no matter their skill/competence levels.
This whole mess was a train wreck long before the APC acquisition!