April 8 The board of Occidental Petroleum Corp
, which has said it is searching for an eventual
replacement for Chief Executive Stephen Chazen, denied on Monday
that there was a "fight at the top" over the succession.
The Wall Street Journal reported recently that Ray Irani,
the oil company's chairman and former long-time CEO, was pushing
to replace Chazen.
"All decisions regarding CEO succession planning were made
over many meetings by the independent directors alone in
executive session, in accordance with best governance
practices," the Occidental board said in a statement. "Dr. Irani
did not attend, and did not play any role in, these meeting