Are Activist Investors Sexist? – The Wall Street Journal

Are Activist Investors Sexist? – The Wall Street Journal

Marissa Mayer
Vicki Hollub, CEO of Occidental Petroleum Corp., has become a target of activist investor Carl Icahn.
Photo: F. Carter Smith/Bloomberg News John D. Stoll Aug. 2, 2019 11:52 am ET Vicki Hollub is an engineer who spent time on three continents working her way up to the top of Occidental Petroleum Corp. OXY -3.74% She doesn’t have much experience at M&A, and that has made her an easy target for critics. .

Her recent bid to deepen the company’s bet in the red-hot Permian Basin is bold. Built on the $38 billion acquisition of Anadarko Petroleum Corp. APC -0.74% , the expansion plan requires costly capital from Warren Buffett—money necessary to circumvent an Occidental shareholder vote that Anadarko wanted to avoid. Investors were unhappy, driving Occidental’s shares down 15%, as of Thursday evening, since it first made its Anadarko offer in late April. And none is more loudly unhappy than billionaire activist investor Carl Icahn, characterizing Ms. .

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