Saturday, March 03, 2007 7:54:34 PM
Why hire a CEO? What is the point. IMHO it is wasted salary. Save the $40 million and wait as long as possible to hire one.
As far as Exxon, Anadarko, or Chevron continuing to push the process for the DOJ. No they probably arent pushing the process. They no longer need to. But they might have been the ones who got the ball rolling in the first place imho.
If I were Offor I wouldnt sell now. I would wait until drilling begins to sell his 50% at a premium. He is the one in the cat birds seat. He has waited this long. Why sell now at a discount. He wont sell at a discount. If someone meets his price he will sell. If not he will wait until drilling begins. He holds all of the cards.
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