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BP Says Hayward To Stay, Refutes Times Of London Resignation Rumor
Earlier today, a report by the Times stated that BP CEO Tony Hayward would resign in a matter of weeks. Sky News has just released an official refutation by the firm according to which the CEO will not only not be resigning from the oil company, but that he has "full support from the board and will remain in place." Of course, if it is uncovered that the firm has been just as "effective" in photoshopping out the various seepages next to the Macondo blow out, as it has been in marking activity at its crisis center, picking the best occasion to resign will be the last of Hayward's concerns.
From Sky News:
The Times had reported that the BP Chief Executive could step down within the next 10 weeks.
A BP spokesman said: "He has full support from the board and will remain in place."
Hayward has come under increasing pressure to resign following the company efforts to contain and cap the oil spill in the Gulf of Mexico.
David Cameron had to answer angry question from US politicians over BP on his first vist to America as Prime Minister on Tuesday.
Strong rhetoric from President Obama had fuelled American anger at the British owned oil company.
The oil spill in the Gulf of Mexico followed the explosion and sinking of one of the company's offshore wells.
The Deepwater Horizon rig explosion on April 20 killed 11 oil workers.
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Why would he be asked to step down? He cut a sweet $20B deal with Obama to settle devastating environmental damage.
And BP got $10B reduction in taxes (because their income is greatly reduced - due to the settlement).. Gov is a bunch of amatuers. now junk me.
That's only the $10B we know about. Factoring in additional tax breaks, stimulus money for creating new jobs, amortization, spreading claim payments over 10-20 years -- who knows, BP may even come out of this in the black in the medium/long term.
Fix it again Tony!
Lloyd decided it might be unseemly for Tony to show up for work at the GSucks offices before the oil settles.
They look after their own.
I'm sure Mr. Hayward will provide some face for facing public anger, but this is all like oil off the backs of a pelican for them.
Such shades of Enron, albeit in a different setting/context.
What I wonder is how do these folks sleep at night?
Where do you go to my ugly,
When you're alone in your bed (rock),
Tell me the thoughts that surround you,
I want to drill inside your head...
Yes I dooo....
ORI
http://aadivaahan.wordpress.com
If he stepped down it would be like the cracks in their wellbore. In order for them to pull off this Houdini they will have to portray themselves as "solid as a rock" GM LOL!
Tony just got a bonus! Just follow the oil slick road and see who's behind the curtain.
Resign? They won't let him resign now. He's the ideal fallguy when the SHTF. The majority shareholder will probably pay for a prime-time full-hour grilling and castrating of Hayward in real-time just to keep the public happy and give the new restructerd BP a second chance.
Why don't they fly him to Libya?
"full support from the board and will remain in place." - Well yes I have heard that soooooooo many times.
It always ends very shortly after. Just my take from years of hearing spin from the Corporate Pirates.
Over and unders are now being taken and its 'odds on' for a desk clean for old Tony - just takes a new broom to sweep clean the shit out
Hurricane bitchez?
70% chance of formation, with track across southern FL and into the Gulf ala Katrinaesque. At present it must finish navagating past some heavy upper level shear. That said, water vapor imagery does show some rotation begining to occur, but it must contend with some dry air in that region. NOAA computers are feeling pretty frisky about this one....
1. A STRONG TROPICAL WAVE...LOCATED NEAR THE EASTERN DOMINICAN REPUBLIC
AND EXTENDING NORTHWARD OVER THE ATLANTIC FOR A FEW HUNDRED
MILES...IS PRODUCING A LARGE AREA OF SHOWERS AND THUNDERSTORMS FROM
THE NORTHERN LEEWARD ISLANDS WESTWARD TO HISPANIOLA...AND OVER THE
ADJACENT WATERS OF THE ATLANTIC AND NORTHEASTERN CARIBBEAN SEA.
ALTHOUGH A CLOSED SURFACE CIRCULATION HAS NOT YET DEVELOPED...
ENVIRONMENTAL CONDITIONS ARE EXPECTED TO BECOME MORE CONDUCIVE FOR
TROPICAL CYCLONE FORMATION AS THE SYSTEM MOVES WEST-NORTHWESTWARD
AT ABOUT 10 MPH DURING THE NEXT DAY OR SO. THERE IS A HIGH
CHANCE...70 PERCENT...OF THIS SYSTEM BECOMING A TROPICAL DEPRESSION
OR A TROPICAL STORM DURING THE NEXT 48 HOURS.
http://www.nhc.noaa.gov/gtwo_atl.shtml
Projected track:
http://www.skeetobiteweather.com/picservice.asp?t=m&m=97
Bankrupt Chinese Manufactures Lend to Real Estate Developers at Shark Loan Rates
BP must be part of the organization that owns our Government
chains we can believe in
The other side of the coin is that the Times (News Ltd) is trying to lure people across the newly constructed paywall.
The irony of having a massive find in the Gulf and being able to cap the well to boot means that all of the geopolitical nonsense about controlling the middle east since WWII could indicate that has seen its last days. Notwithstanding they'll now have to roll back all of the evil incentives created under the aegis of the 9/11 disaster running 10 years now. Not only that, but the well is owned by a foreign corporation.
I was tooling around after watching 'Three Days Of The Condor' which everybody has seen, and sure enough, somebody came up with a montage:
http://www.youtube.com/watch?v=tccF9bM3Tm4&feature=related