The big demise caused by VH over Oxy is just comparable to the one caused by Long Term Capital Management to its investors by late 90s. Quoting Taleb “they made absolutely no allowance for the possibility of their not understanding markets and their methods being wrong”. What a great analogy to the harm VH, OB and BOD caused to investors. Lack of intelligence, due diligence and Roll Tide Overconfidence proved out to be a dangerous recipe. VH played investors with her lies and hope things would work out miraculously. Some blame it on the pandemic but I cannot see that accounting solely even for a 50% drop, compared to peers. We are doomed to cannibalize the company and layoffs its people.
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Did someone get up on the wrong side of the bed today?
congrats VH on #delivering results responsibly! Oxy @$ 8.89! You truly #outperform my expectations on the wrong side. You #unleashed the opportunity for bankruptcy in the year hundred of this company! btw why we don’t hear about plans for celebrations? I guess you are afraid we won’t make it! You truly #commit to good, the good of yourself pride. you #led with passion but no wherewithal. we are doomed thanks to you
This would be a terrible tragedy for a perfectly good company to end up destroyed because of The poor judgement of just a few at the top. The BOD are to blame.