Discussion in 'Stocks' started by dealmaker, Mar 25, 2020.

  1. dealmaker


    Occidental pay

    Occidental Petroleum will reportedly cut the salaries of its regular U.S. employees by up to 30%, and those of its executives by an average of 68%—CEO Vicki Hollub is taking an 81% pay cut. Employee bonuses and perks will also end. The moves come after a steep decline in oil prices, and a badly timed $38 billion takeover of Anadarko Petroleum that left Occidental saddled with a lot of debt. Wall Street Journal

    PS the article is behind a pay wall
    ajacobson and Nobert like this.