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BP’s Tony Hayward to Resign!! but …. where will he go?

July 21, 2010

Haraz N. Ghanbari / AP

The upside is that Tony Hayward will be resigning, according to  I have inserted the ENTIRE article in this post.  Although I feel a smug “Ha Ha — now become unemployed!” (yes … I feel rather vengeful towards BP and Tony’s rude and tasteless remarks, due to the fact that the Gulf, including all of the wildlife that flies, swims, crawl, etc. in that area will be forever changed – all of this may have something to do with this feeling…), I have a feeling that he will land like a cat – on his feet, never to lose a “beat.”

For all, enjoy the article!!


Report: BP’s CEO to resign in coming months

Embattled Hayward may make announcement in August or September

BP’s embattled and gaffe-prone CEO will stop down from the position within the next ten weeks, the Times of London is reporting.

The newspaper cited sources close to BP there is a growing expectation Hayward, 53, would make the announcement in August or September. The company is trying to restore its damaged reputation.

BP spokesman Scott Dean denied the report, calling it “not true, he remains BP’s chief executive of the company” and that he is “very much in charge.”

The Times said an announcement could be linked to the release of a new strategy for the company, which has been dubbed Future BP.

Hayward has made numerous statements since the spill that have drawn the public’s ire. On April 29, the New York Times reported he asked fellow executives in the company’s London office “What the hell did we do to deserve this.” On May 14 he told The Guardian “the Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume.”

Somewhere between 94 million and 184 million gallons have gushed into the Gulf over the past three months in one of America’s worst environmental crises.

Perhaps his most famous statement on the matter was when said on the TODAY show May 30 “there’s no one who wants this over more than I do. I would like my life back.” He later apologized for saying it.

According to BP’s annual report, Hayward made $1.5 million in salary last year, with a $3 million bonus and stock valued at nearly $1 million.

4 Comments leave one →
  1. Danny permalink
    July 23, 2010 12:57 pm

    No, he should stay.

    • July 24, 2010 12:49 am

      As always, thank you for commenting. However …. why do you think he should stay?

  2. July 27, 2010 2:56 pm

    Tony Hayward claimed when named CEO that he would make safety a priority. The ensuing events indicate that he failed. Even so, he is safe himself with his golden parachute. Beyond BP as a dysfunctional company, this points to corporate governance itself being broken in American business.


    • July 28, 2010 1:16 am

      Euandus5: I agree with your post. However, I believe that ALL corporate governance is a farce. And it is ALL of this world’s population – humans, wildlife, the environment – that pays the price. Thank you for your comment.

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