Ray Irani Out as Chairman of Occidental Petroleum
The chairman of Occidental Petroleum Corp. who drew criticism over his compensation as CEO, is out. Ray R. Irani will step down and be replaced by a former diplomat.
occidental petroleum
Ray Irani, Billion-Dollar Oil Executive, Ousted
Ray Irani, 78 year-old chairman of Occidental Petroleum, sparked shareholder ire because he tried to oust the man who replaced him as CEO. Irani was forced to exit instead.
How to Heat Your Home for Free (or Profit) This Winter
Like they say: If you can't beat 'em, join 'em. With the price of home heating oil on the rise, and likely to go on rising due to global politics, now might be a good time to place a bet on oil to hedge against the costs of keeping the homestead warm.
Occidental CEO's Bloated Pay Prompts Shareholder Fight
Two large institutional investors are none too happy about the $50 million Occidental Petroleum's CEO made last year, so Relational Investors and CalSTRS are launching a fight to take over four of 13 seats on the oil and gas company's board.