Comments on: Occidental finally caps CEO pay gusher http://blogs.reuters.com/breakingviews/2010/10/14/occidental-finally-caps-ceo-pay-gusher/ Mon, 17 Jun 2013 22:19:50 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: cswann http://blogs.reuters.com/breakingviews/2010/10/14/occidental-finally-caps-ceo-pay-gusher/comment-page-1/#comment-4193 cswann Fri, 15 Oct 2010 18:45:08 +0000 http://blogs.reuters.com/columns/?p=4341#comment-4193 Thanks for the comment. I certainly didn't mean to imply that he was totally responsible for the company's good fortune. In fact I try to make clear that he wasn't.... hence the part about good fortune contributing to the large increase in share price. But Irani has certainly done a good job too. It is important to look at the Oxy share price compared to other oil companies. Many -- including most of the big names -- have not performed nearly as well. You would certainly not have regretted investing in Oxy if you had done so 10 years ago. Thanks for the comment. I certainly didn’t mean to imply that he was totally responsible for the company’s good fortune. In fact I try to make clear that he wasn’t…. hence the part about good fortune contributing to the large increase in share price.

But Irani has certainly done a good job too.

It is important to look at the Oxy share price compared to other oil companies. Many — including most of the big names — have not performed nearly as well. You would certainly not have regretted investing in Oxy if you had done so 10 years ago.

]]> By: cowboys.barbara http://blogs.reuters.com/breakingviews/2010/10/14/occidental-finally-caps-ceo-pay-gusher/comment-page-1/#comment-4176 cowboys.barbara Fri, 15 Oct 2010 06:09:24 +0000 http://blogs.reuters.com/columns/?p=4341#comment-4176 My God, who writes this completely press release-based palaver? Irani was forced out by a hostile shareholder proxy bid that sought to put an end to the long-time Oxy CEO's obscene compensation. The notion that Irani alone was responsible for the company's performance is totally unsupported by any factual evidence. The rise of world energy prices is the main reason the major oil companies have done so well over the last decade and through the current recession. Irani lost $3.2 billion in Ecuador over a minor tax dispute and the company is pulling out of Libya now after squandering billions with no tangible reward. Yikes! My God, who writes this completely press release-based palaver? Irani was forced out by a hostile shareholder proxy bid that sought to put an end to the long-time Oxy CEO’s obscene compensation. The notion that Irani alone was responsible for the company’s performance is totally unsupported by any factual evidence. The rise of world energy prices is the main reason the major oil companies have done so well over the last decade and through the current recession. Irani lost $3.2 billion in Ecuador over a minor tax dispute and the company is pulling out of Libya now after squandering billions with no tangible reward. Yikes!

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