Carl Icahn Is Right to Be Furious About Warren Buffett’s Sweet Occidental Petroleum Deal - Financial Investment News -BoardProspects

Carl Icahn Is Right to Be Furious About Warren Buffett’s Sweet Occidental Petroleum Deal

Financial Investment News Jul 24 2019 BoardBlogs

Carl Icahn is seeing red. In a letter Monday blasting Occidental Petroleum ’s management and board, Icahn, the billionaire activist investor and Occidental shareholder, asserted that Warren Buffett took Occidental CEO Vicki Hollub “to the cleaners” when Occidental (ticker: OXY) agreed to issue $10 billion of preferred stock to Berkshire Hathaway (BRK.A) in late April. That preferred carries an 8% dividend yield, and Berkshire also got valuable warrants on Occidental stock...
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Topics Mentioned
- Activist Investor
- CEO
- Board
- Management
- Bank
- Investors
- acquisition
- Carl Icahn
- Bank of America
- Warren Buffett
- Berkshire Hathaway
- Berkshire
- Occidental
- Occidental Petroleum
- Anadarko
- Chevron
- Dividend
- Icahn
- stake
Authors
- Andrew Bary