The Colorado Stockholder proposal of Occidental Petroleum Corp. aims to implement a policy that requires every officer and director to retire at the age of 70. This proposal puts forward the idea of mandatory retirement for key positions within the company, ensuring that senior executives step down after reaching a specific age. By enforcing this retirement age limit, Occidental Petroleum Corp. seeks to promote a more dynamic and diversified leadership, facilitating the inclusion of fresh perspectives, and fostering a succession planning process within the company. Keywords: Colorado Stockholder proposal, Occidental Petroleum Corp., officer, director, mandatory retirement, age 70, senior executives, leadership, succession planning. Different types of Colorado Stockholder proposals of Occidental Petroleum Corp. related to mandatory retirement at age 70 may include: 1. Colorado Stockholder Proposal for Age-Based Officer and Director Retirement Policy: This proposal outlines the general notion of mandatory retirement at age 70 for all officers and directors within Occidental Petroleum Corp. 2. Colorado Stockholder Proposal for Phased Retirement: This proposal suggests a gradual retirement process instead of an abrupt one, allowing officers and directors to transition their responsibilities and knowledge to successors over a specific period after reaching the age of 70. 3. Colorado Stockholder Proposal for Exceptions to Age-Based Retirement: This proposal highlights certain circumstances where exceptions to the mandatory retirement age of 70 may be granted, such as exceptional performance or the need for continuity in specific roles.
Colorado Stockholder proposal of Occidental Petroleum Corp. to provide that each officer and director be subject to mandatory retirement at age 70
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How to fill out Colorado Stockholder Proposal Of Occidental Petroleum Corp. To Provide That Each Officer And Director Be Subject To Mandatory Retirement At Age 70?
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Buffett's Berkshire Hathaway amasses significant stake in Occidental Petroleum. Warren Buffett, who has been at the helm of Berkshire Hathaway (NYSE:BRKa) since 1965, has recently shown a significant interest in energy firm Occidental Petroleum (NYSE: NYSE:OXY).
Berkshire Hathaway holds a 25.78% stake in Houston-based Occidental Petroleum. Buffett told shareholders earlier this year he has no intention of taking over the company.
Inflated figures. Occidental has previously been accused of inflating the role of carbon dioxide removal when it told investors that it could capture 10 gigatonnes by 2030. IPCC author Zeke Hausfather thinks ?carbon dioxide removal is an important part of getting to net zero?.
Top 10 Owners of Occidental Petroleum Corp StockholderStakeShares ownedBerkshire Hathaway, Inc. (Investm...25.78%228,051,027Dodge & Cox10.32%91,303,640The Vanguard Group, Inc.6.46%57,167,328SSgA Funds Management, Inc.5.02%44,375,2266 more rows
Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization.
August 2019: the company acquired Anadarko Petroleum for $57 billion, making the deal the world's fourth biggest oil and gas acquisition to date.
The Audit Committee of the Board of Directors of Occidental has selected KPMG LLP as independent auditor to audit the consolidated financial statements of Occidental and its subsidiaries for the year ending December 31, 2021.
Largest shareholders include Berkshire Hathaway Inc, Dodge & Cox, DODGX - Dodge & Cox Stock Fund, Vanguard Group Inc, State Street Corp, BlackRock Inc., Fmr Llc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, XLE - The Energy Select Sector SPDR Fund, and VFINX - Vanguard 500 Index Fund Investor Shares ...