10 Sep. 2020 | Comments (0)
"For the first time in 18 years, we had to stop growing our dividend," says Vicki Hollub, CEO of Occidental. In an interview with Lori Esposito Murray, president of the Committee of Economic Development of The Conference Board, Hollub shared how the company's quick and decisive actions have positioned Oxy for its recovery. "We were faced with a liquidity challenge. So we had to look at the long-term value of the company vs the short-term needs of making it through the crisis....not only for our shareholders but our employees, and those stakeholders in the company. We made some very fast decisions, and it was the most challenging period that I have ever faced."
The CED discussion series, Leadership in Challenging Times, interviews business leaders about the unprecedented challenges facing the nation and how they are helping chart a path forward for both their companies and communities in which they operate.