Is it just me, or does no one else believe in or respect the EC at OXY? I am amazed that there can be 40B in shareholder destruction without VH and the rest of her minions losing their jobs. Your employees have lost all respect for you/this company and most are just biding their time until they can leave. At a 30% pay cut, most of your employees are paid barely more than a teachers salary! Do the right thing and resign! We are a joke across the entire industry, especially after VH asked for a government bailout from Trump. Pathetic!
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Welcome to Oil and Gas. the only industry where the Peter principle is ignored and incompetence is the ONLY thing that gets people promoted.
Oxy is a mom and pop shop that grew too fast. This is why it's even worse than the others. It's a place where you fail upwards.
@ywp: You must not be an employee. Oh well. EC means Executive Committee. It includes our CEO VH, and the other main execs that report to her.
What does EC stand for? I see it everywhere
I wish it was just $40B of value destruction. Since VH took over, it's actually over $50B of value destruction, and much more than that from our 2018 highs. Let alone the fact that we have pretty much a non-existent dividend, a horrendous amount of debt, the 30% pay cuts, a horrible outlook for the company, and the worst management ever. I hate this place. I'd leave if I could find another job, but that's proving pretty much impossible right now.
EC is terrible and needs to go especially VH and JB. Real rot is lower/middle management. I guess it doesn’t matter as Icahns our daddy now