The board of directors’ #1 job is to hire/fire the CEO. What are you waiting for? All confidence has been lost. Do it now!!!
11 replies (most recent on top)
After losing retirement fund and maybe even losing job and health insurance what else do ppl have to lose?
It is sad to read these posts about people losing retirement money on Oxy stock. Please do believe that your greatest asset is in keeping your job and current income during the COVID crisis. Things will turn around even if you have to forget about Oxy stock coming back to levels like before.
What do i tell my wife and kids?
I have lost everything from these past 15 years
I need the stock back at $50 and the full dividend like before
#2. Institutionals voted with their feet - they sold - as expected! That’s why the stock plummeted! They didn’t get any direct vote on Vicki.
Points 3 and 4, I agree with you.
Point #1: Chazen narrowed it to Willie and Vicki - beyond that he stepped out and board decided. Board picked wrong.
So LAPC is the bad guy ?? Where did APC employees have a say in any of this??
She did not make all these decisions by herself!
OP
Chazen selected VH, no way would he admit it was a mistake.
What I can’t get is that institutional shareholders kept her after the dismal APC transaction where VH and EC did end around on shareholders to avoid a vote that they would’ve lost.
Big losing bet by VH and her EC was doubling down on the Permian Shale Ponzi Scheme even before the APC buy.
Also does no one any good to have LOXY snipe at LAPC and vice versa. Y’all need to work to keep the boat afloat until oil prices go back up.
Many of us are hurting bad with our Oxy investment. At least when we got a dividend that helped the pain of a stock price drop. VH needed to stay on the technical side running a BU, but never as the CEO. She will not leave on her own because she is hoping for a rebound, but that may never happen. Sometimes it is best to move on.
My savings are wiped out
She needs to go along with the EC and BoD
She is doing more damage to the company than all of the LAPC slackers put together
Who voted to keep this woman in her job?