Subject: Re: OXY CEO to retire
"OXY's stock had already fallen from $110 to $51 before Occidental stared bidding against Chevron for Anadarko, an acquisition that analysts panned, and which ended up costing OXY $57B. OXY stock bottomed about a year later at $9.68. It's hard to get a good return on your stock when you start off with an 89% decline in the first year after an acquisition."
capital allocation is the CEO's top job one could argue. She failed at that.