For LAPC who took the package last fall, how long was tour insurance paid? I’m trying to figure how many months to ask for and when to expect paying COBRA after accepting an offer. Thanks.
Topics regarding layoffs at Anadarko Petroleum Corp.
This is attempt for OXY to get rid of people who are desperate, already have a job lined up and were leaving post bonus, and ppl who are weak. LAPC and I submitted a few offers. First was a hail Mary and the offer 3 or 4 were reasonable offers. I... — read more
OXY is an embarrassment to our industry. Like a race horse with a broken leg, lets just get it over with and be done.
You have to resign to get coc payments. You have to resign within 90 days of a significant event citing particulars of what material change prompted your resignation. Oxy will decide if event warrants coc payments. If no, you go to... — read more
In what section of the COC does it state that after one year Oxy can reduce our salaries and even job assignments?
Force Majeure is in play because of emergency laws shutting down businesses "If a force majeure clause does not list epidemic or pandemic as a triggering event, it is possible that the coronavirus could be covered as an act of governmental... — read more
Bankruptcy Court’s holding that severance claims are entitled to priority treatment up to the maximum amount provided by Bankruptcy Code 11 U.S.C. § 507(a)(4) Bankruptcy Code: an employee is entitled to priority treatment of “allowed unsecured... — read more
Please stay on topic and use this thread for crowdsourcing ideas on how many months of base pay to bid on in the new and not improved Oxy VSP program. I'm still trying to decide but my rock bottom submittal will be 24 months. My COC lump sum would... — read more
The time has come.
Anyone heard that high paid managers get fired?
Force Majeure July 1st you're done
Any COC folk get a surprise deposit in their bank account yesterday? This cash cow keeps giving.
I am curious if there have been any Legacy APC folks who have attempted to claim a COC triggering event after the 4.9% salary reductions were introduced. I - and I’m sure many others - would sincerely appreciate any feedback from you about your... — read more
Having trouble understanding how the salaries can be reduced and according to OXY doesn't qualify for COC?
If Occidental goes bankrupt is there any chance for CoC or should I bail now? It shocks me to say but I’d take RAW and MWI back in a heartbeat over this $h!*$&0w.
Has anyone reached the 6 month timeframe yet and got paperwork with option to elect COBRA? I think it goes for 1.5 years after the 6 months. Is this process working?
Is Conoco ready for CVX? Final missing touches and ready to go. https://www.bizjournals.com/houston/news/2020/03/04/former-anadarko-ceo-lands-new-board-gig.html
Oxy is actively trying to unload Rockies assets. Only thing that keeps us halfway safe is it’s doubtful anyone would be willing to take our Colorado acreage, but that’s under political fire. No matter how you look at it we don’t have much time here... — read more
What does “early release “ Option entitle in severance package?
Any tips or advice to make sure a CoC request is approved?
I got a package regarding COBRA couple of weeks ago. It states something about expressing an interest to sign for it before March or you will lose the option? My understanding is that we have 6 months healthcare and then COBRA will kick in for 1.5... — read more
For those of you who took CoC/VSP and have been paid, have you received an itemized/detailed statement regarding the payment? How did you receive it? How long after payment did it take to receive? I've received my payment, but I want to review the... — read more
How long did it take for some of you to get a response to your CoC good reason inquiry form submission?
Is the fact that OXY has a lease on ALR and the GRC for the next 13 years change anybody’s mind about their VSP choice? To be honest, it makes the decision to take it a lot harder if you’re living north... — read more
Does anyone know what's going on with contractors? Word on the street is that a big junk of them will be going out the door this week.
VH got her dream to come true VSP/COC'ers made a fortune and moving on to a new life Legacy-APC management with their fat retention bonuses waiting in the wings Legacy-Oxy employees got their promotions and raises Buffett laughing all the way to... — read more
Has anyone received their converted cash portion of their stock since separation? If so does that timeframe align with our stock vesting? Also has anyone logged into Morgan Stanley and seen erroneous funds within their accounts, then have those... — read more
So I just heard that were moving offices to bennit, co?
Former EVP MI will receive additional $1MM per each Africa transaction: Moz, Algeria, Ghana. One step further from G&A saving
Rumor is Hackett tower has been sold. Can anyone confirm?
Occidental offered about 200,000 acres in the Denver-Julesburg Basin in Wyoming and Colorado that produce $66 million a year in cash flow, mostly in mineral royalties...... Reuters 11/11/2019
Huge layoffs coming.......
Has Anyone had a triggering event based on a move from the woodlands to greenway been told to stay after filing COC benefits. I don’t think that they can make you stay since you are effectively submitting your resignation. I would think you... — read more
Has anyone actually received the VSP check? Early, but I’ve heard no one has actually received the check even for those who left months ago. Anyone?
Wes has 1 SVP and 1 VP before acquisition Now 3 SVP and 14 VP...
Will Wes become a BU after the unsuccessful attempt to sell down? Does it still need a stand-alone type org?