occidental petroleum, under nir in the past for executive bay, they now focus on directors wi the bod launching a search to replace steve chasen, supporters may seek to unseat directors who don't back him. in the wake of the london royal trading loss, jpmorgan's ceo and jamie dimon is facing removal. and they want to change how and how much they pay executives. the a fnch lnfl-cioafl-cio's an. >> where companies should be most accountable to shareholders but frequently are not. >> shareholders at five hermes, including navistar have voted against a compensation plan. it signifies to boards they need to change the way they pay top brass. for "nightly business report," i'm mary thompson. >> one of the most popular and well attended meetings is berkshire hathaway, warren buffett's company. next saturday. >> you will be there. >> 40,000 people as well will be attending it, it's huge. all coming to hear what the oracle of omaha has to pay. >> happy shareholders, most of the time. >> have a great trip. >> coming up, four stocks at this week's market monitor says you should own right now. bu

occidental petroleum before we go. >> i this is a company on the leveraged, pretty standard businessup the older wells, 36 sheet stock with a good dividend. tracy: jack hough from smart money. and we talked about justin bieber. ashley: i am speechless. you want to talk about dishing out the cash? just a perfect $25 billion plus bid for cell phone carriers. then as now joins us to look at details of this one and i guess ricky ricardo would say explain this one, does it make sense? >> two dennis: i think this is a bold deal, but with huge risk in dish network with the tv shows to the homes of 14 million paying homes. and along comes the sprint deal it agreed with cells of the percent to softbank in japan, and now -- says we will give you $2,515,000,000,000 in cash and stock to turn into our cell phone company and we will on both the service our dish network offering. couldn't you just resell it without put that much money? cell phone has commoditized. adam: are they trying to get in on the tv coming in with the cell phone and the ipod? dennis: the legendary founder of dish believes eve

talk about three or four companies like marathon or occidental petroleum. host: let's go torenton fla., democratic line. caller: good morning, from listening to the conversation, it seems we're just spinning our wheels with these tax breaks with diminishing returns. they do allow said this drilling and they are not getting much out of it. we're just kind of wasting our money. pay guys $1st billion to go pan for gold the way it sounds. we would be better off directing the money toward green energy and new sources of energy that will be clear for the water and air and have less health-related expenses for the people. i would disagree with you slightly on your first poi. look at the dynamics of the drilling industry in the country today, there are very few of what they called dry holes in terms of drilling for oil and natural gas and not finding any. with the advent of horizontal drilling combined with fracturing, our success rate of finding hydrocarbons is close to 100% in terms of every well that was drilled. to your second point, let's we direct money towar

. >> other meeting to watch include occidental petroleum, shareholders now focus directors, with theeplace the ceo, supporters of mr. chasen may seek to unseat directors who don't back him and in the wake of the london trading loss, jamie dimon faces a challenge to his chairmanship at the annualç meeting on may 21st. the bank board is lobbying shareholders to defeat that proposal. they maintain the say on pay vote is to gain dissatisfaction with either performance or compensation. so far this season, five firms voting down the firm's pay plan including the one at navistar. >> mary, so interesting, of course, you had chris on from iss, and i notice their advice -- advice can play an important role in a lot of these kinds of services -- a lot of these fights and of course, there is some debate about whether that should be the case and whether iss' analysis is one that should be listened to, but very interesting and certainly an important time of the year that they were headed into. >> it is. as he was mentioning again, and it's the rise of the activist shareholder. the concern about p