Carl Icahn says Warren Buffett took the Occidental CEO ‘to the cleaners’


Billionaires Carl Icahn and Warren Buffett.

Getty Images (l) | CNBC (r)

Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum.

“Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday. “The Buffett deal was like taking candy from a baby and amazingly she even thanked him publicly for it!”

“But you can’t blame Warren, if Hollub was arrogant enough to negotiate a deal with Buffett of this magnitude despite her admittedly limited experience in M&A and the Board was misguided enough to rubber stamp it, then one might say in…


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