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Unocal Rejects Chinese Offer

July 20, 2005

Turns out, the Unocal board made a decision to accept Chevron's $17 billion bid rather than a higher offer by China's third-largest oil company. 

Could it be that a large U.S. company is finally putting wisdom over profit?

Get out...soon we'll have departing CEOs saying, "No, I can't take that 32 million just to go away. No one's worth that kind of money, particularly not someone like me, who actually left the company poorer than when I started."

I think there's more chance of Big Foot showing up in Times Square, sipping a frappacino.


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