Bob Dudley, presiding over the British Petroleum shareholders meeting, read aloud the names of the eleven men who died on the Deepwater Horizon, and then spoke of , “working hard to earn back trust…through our actions, not just our words…” – Oh, and he proceeded to mock an activist shareholder, Antonia Juhasz, who read a letter written by the father of one of the men killed, saying … Continue reading Another BP shareholder meeting, another load of Dudley
Ken Feinberg said today he hasn’t been able to start writing claims checks because BP PLC has not yet deposited any money into the $20 billion escrow fund it promised to create. “I don’t want the check to bounce,” Feinberg said. BP spokesman Justin Saia said the company’s agreement with the White House is still being finalized. “Funds will be made available immediately upon the … Continue reading Feinberg: The Money isn’t in Escrow Account Yet, plus: How the Reparations Payment Will Work, Problems?