BP has given their CEO, Tony Hayward, his waking papers.
Only, he gets to stay on until October, at full pay, and he still has his millions in stock options, and in 2 years, he is eligible for a pension of £600,000 a year.
On the brighter side, he is literally being sent to Siberia, as, BP is, “Planning to nominate him as a non-executive director of its Russian joint venture, TNK-BP.”
If you are one of the hyper-rich, you are safe from the consequences of your actions, which is why these f%$#s act the way they do.
If they win, they make a sh%$ load of money, and if they lose, they are still set for life.
One note here, he will be replaced by Bob Dudley, who is an American, which just goes to show that the BP board does not get the USA.
I think that they think that an American CEO will defuse American anger at them.
They are wrong. Americans are suckers for a British accent, we love being conned by people with British accents, just look at the success that lying charlatans like Niall Ferguson, Christopher Hitchens, and Andrew Sullivan have done selling their crap as gold.
The problem here is that something bad happened, and the more people looked at BP, they saw that it is a corrupt criminal psychopathic organization, even by the standards of the oil industry.