Icahn Wins ISS Support for First Step to Shake Up Occidental

The transcript discusses Carl Icahn's demand for board seats at Occidental Petroleum, criticizing the company's acquisition of Anadarko as overpriced and risky. Despite market concerns, Occidental defends the strategic merits of the deal. The discussion highlights investor impatience in the oil industry and Occidental's need to prove the acquisition's value. The company faces challenges in maintaining its dividend and reducing leverage amid a challenging macroeconomic backdrop.

What are the main concerns Icahn has regarding Occidental's acquisition of Anadarko?

How does Icahn perceive the actions taken by Occidental's management in relation to Warren Buffett?

What challenges does Occidental face in integrating Anadarko's assets?

What impact has the acquisition had on Occidental's stock value according to the discussion?

What are the implications of the market's reaction to Occidental's acquisition strategy?