“The fact is, we just don’t give females as long of a leash,” says a professor who studies which CEOs become the targets of activist investors
Vicki Hollub is an engineer who spent time on three continents working her way up to the top of Occidental Petroleum Corp. 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., the expansion plan requires costly capital from Warren Buffett—money necessary to circumvent an Occidental shareholder vote that Anadarko wanted to avoid.
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