One of Warren Buffett’s Last Big Bets Is Souring
Occidental Petroleum’s shares have slumped 22% this year
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woo woo goes hr get a box of
kleenex and cry about vh a worthless ceo who makes tens of millions dollars a year herself and just as many mistakes
As a former employee, I can say there are lot of good people at Oxy. But there are plenty of bad apples too—starting with the childless cat lady.
That’s coz Oxy are a disgraceful company with disgraceful employees and the track record to prove it.
All oil stocks have been down and even his investment in Chevron. He makes it up with those 200 million dollars in preferred dividends every qtr. I wish someone would pay me 8% on my investment.
There are signs that Buffett’s enthusiasm might have dampened somewhat. He talked about Occidental during Berkshire’s previous three annual meetings, but he didn’t mention the company once Saturday at what turned out to be his last such meeting as CEO. Hollub sat in the audience as he spoke.