Did you hear? Tony Hayward, he of the BP oil spill Haywards, is set to get a bonus of 125,000 shares of BP stock at a current share price of $46 plus that would hold a rough value of $5,831,000 dollars. Yes, seriously. BP is planning to give him this bonus because of improved earnings per barrel in refining and marketing during the years of 2009-2011…and it … Continue reading What Tony Hayward can do with his bonus…
In Alaska, whereas they have not suffered a spill as extreme as the one the company unleashed on the Gulf Coast, they have become quite familiar with this oil company’s pattern of negligence, their complete focus on profits and the willingness to let lawyers attempt to clean up the messes left behind by their poor safety conduct. Now, federal prosecutors are asking a judge to … Continue reading Revoke BP’s probation: patterns don’t lie…
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
This is how it’s supposed to work: A company, Transocean in this case, makes a bonehead move and gives bonuses to its executives for their “exemplary” safety record last year. Transocean, being an offshore drilling contractor at work on the Deepwater Horizon when it exploded and killed eleven people, is immediately barraged with criticism for awarding these bonuses. Steven Newman, CEO of Transocean, and four … Continue reading Okay, but will Hayward and Feinberg follow suit?
I am, really bad… You see, I’ve been doing this job for a long, long time, off and on for about ten years and frankly, it’s getting a little old. If unfamiliar with crisis work, what I do for a living is I get calls from doctors and police officers in various hospital emergency rooms, or maybe jail corporals at detention centers to come to the scene and speak … Continue reading I have a confession to make…I’m a really lousy crisis worker…
British Petroleum released their new Sustainability Report where they went to great lengths to discuss the lessons they learned last summer, and how BP’s Bob Dudley is now all about responsibility. Bob feels it is up to them to “earn back the trust” of all involved and dad-gummit, they’re gonna do it! In their report, they discuss how BP: “From the beginning…worked to fight the spill … Continue reading BP Sustainability Report Ignores Oil Spill, and Tony Gets a Bonus!
So, a group of BP’s investors got together last June and decided to sue British Petroleum, Tony Hayward and Bob Dudley for wasting corporate assets, exposing the company and therefore, its shareholders to billions of dollars in liabilities and for violating their responsibilities to its shareholders by allowing the BP oil catastraphuk to happen. This lawsuit was filed in Houston. Ah, but BP has a … Continue reading BP Changes Court Strategy: We Are Not Americans
Yeah, he said it, not kidding, while giving a speech to students at the Cambridge University Society and several explanations immediately come to mind: 1. He and Jane Lubchenco of the NOAA are still spending way too much time together. 2. He figured that if doing a tour can work for GW Bush, why not him? 3. The American press isn’t paying attention anymore so … Continue reading Tony Hayward “All the oil is gone.”
While many, myself included appreciate that the Macondo Well is “effectively dead,” considering the claims that no oil has been leaking from the site since mid-July it is a bit anti-climactic. Many bloggers, myself included have been far more focused on the cleanup activities or lack thereof, the oil still washing up on the beaches and permeating the Gulf, the dying sea life, the increasing … Continue reading The Problem with Sandcastles
So, couple of days ago, Mr. Hayward was questioned about British Petroleum’s safety record in England by the MPs and apparently, he had more to say to his local pol’s then he did when Congress had their go a few months back, you remember, when he gave an hour-long version of “Oh, I didn’t know.” This time around, he offered up these gems: In discussing all BP had … Continue reading Tony Hayward Speaks at British Commons…and a response