Thread regarding Occidental Petroleum Corp. layoffs

Oxy wants federal help?

Article in Houston Chronicle, Friday April 10:

Oxy wants U.S. govt financial aid for the oil industry, even as it (largest producer in Permian) urges Texas regulators not to interfere with market forces.

Vicki Hollub, CEO, is urging employees to send a pre-written wish list to members of Congress. Among other requests, Hollub wants the Feds to “ inject liquidity” into oil markets until thing return to normal.

All this after Vicki subjected employees to a 30% cut in pay starting April 1?

Message from Hollub to employees: “Now more than ever, we need to inform our elected officials that inaction could result in long- lasting harm to the U.S. economy.”

What the heck about the liquidity of employees?

Another illustration of the unique combination of ignorance, arrogance, greed and incompetence in VH and her minions.

The same qualities that led to the disastrous (for OXY, APC and EE’s of both) merger. A merger that was ill-conceived from the very beginning, abetted by a horrible deal with Warren Buffett, executed with abysmal skill and now followed up by insufferable whining.

She and her minions need to be removed from Oxy. She should’ve had the grace to offer her resignation with the above request along with a promise to have no more layoffs at least until year end 2020.

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| 4721 views | | 13 replies (last April 13, 2020) | Reply
Post ID: @OP+14p0JPz0

13 replies (most recent on top)

The fact that there are people out there that think impeachment distracted Trump from the pandemic is the real joke. I judge a person on their integrity, decency and being a decent human being. A con artist that lies, cheats charities and steals does not deserve respect, no matter what side of the political game they play.

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Post ID: @3qxb+14p0JPz0

Never got the email. Regardless there is no way in the world I would write lawmakers to bail us out. On the contrary, I DID write a letter to my representative asking him to investigate the fraudulent and corrupt EC. They should be held responsible for this Charlie Foxtrot.

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Post ID: @2myd+14p0JPz0

When the bank takes over OXY I wish you luck. No where to go as all the oil and gas companies are in the same ship. Sinking fast.

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Post ID: @2ucj+14p0JPz0

Someone said to not make this site political, but without getting to political I would like to say this. People can hate Trump all they want and blame him for being slow to react before closing China travel down as one offs were saying this was going to be bad. Whether it be Trump or Bill Clinton as president you can't focus at your job at hand during an impeachment. I am amazed he got as far as he did with Pelosi and her followers trying to ruin the man. Maybe if the liberal socialist democrats could accept his presidency then the man could do his job better. How could any of us do our jobs if we had a whole group of people waiting and trying for us to fail each second. If you believe Pelosi and her followers have the best interest of this country at heart you are very naïve. She would rather see people go without food if it meant she could fund her pet projects like the Kennedy Center. Whether you are on the right, left, or middle now is not the time to try and ruin those that are trying to help our country. Over 500K people in the USA now have or had the virus, and over 20K are dead. We better learn to pull together as one country, or we are going to be in a situation we will never ever want to see. I for one am praying for all my co-workers and Americans during this time. We all have bills to pay and some just might not get paid, but the fact we are still alive should mean a lot.

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Post ID: @1ynn+14p0JPz0

Vicki should get in line with the rest of California for a food hand out as our mighty government cannot take care of them since they are the cause of everything. She is no different than them which is so sad. It’s all about greed without thinking about people first. Well best of luck as employees drink the cool aid with sending out the letters to congress.

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Post ID: @1epy+14p0JPz0

So b itch H ollub reduces my pay, then wants for me to solicit lawmakers to give my tax money to bail her out of a quagmire! She is completely f—ed in the head. It goes to show that she should have a no confidence vote. How did she ever become CEO? I mean RAW was somewhat incompetent, but she takes the special olympics trophy!!!! God help us all. My heart goes out to the legacy Oxy folks, 401k f’d, LTI shares f’d, pay f’d, fired, oil price war and corona. Vicki and Van”Go”Len gotta go!

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Post ID: @1tdk+14p0JPz0

Two faced VH!! She though she would get away with the worst deal in the oil industry.

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Post ID: @1hti+14p0JPz0

This is embarrassing. Management wants to reap all the reward when times are good. When things go south, the government has to bail them out? They need to feel the burn.

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Post ID: @1kwj+14p0JPz0

As a taxpayer I would support a tariff on IMPORTED oil but because I do think we “US” produces it more ethically on environmental concerns and the market can decide quantity. But don’t ask me for a hand out with a a straight face.

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Post ID: @ldv+14p0JPz0

I mean Skilling, Lay and Fausto’s were flat out crooks but overall they were pretty clever. Vicki is just certified incompetent.

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Post ID: @omi+14p0JPz0

VH may possible be THE most clueless CEO of all time.

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Post ID: @vte+14p0JPz0

On one hand, Oxy lobbies for less regulation and on the other, begs for government help.

Which is it? Small or big government? Pick one.

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Post ID: @bmf+14p0JPz0

What an embarrassment for our company.

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Post ID: @ybu+14p0JPz0

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