BP Oil Spill

Report: BP Chief Tony Hayward To Step Down

Hayward
According to the New York Times, this information comes from "a person close to the company’s board." Hayward, who has been BP's chief since 2007, will be replaced by Robert Dudley, who is currently in charge of the company's operations in the Gulf.

Reports the Times:

The change in leadership will be discussed by the board of directors on Monday and may be announced Tuesday if the board ratifies the decision. Mr. Hayward would probably be replaced in the fall, the person said, but a decision has already been made by mutual agreement between Mr. Hayward and senior BP management.

Hayward will reportedly walk away with tons of cash - $18 million.

I guess this means that he'll now receive just what he wanted: to get his life back.

Watch an AP clip about the news AFTER THE JUMP.

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Comments

  1. Capitalism personified.

    Posted by: excy | Jul 25, 2010 8:12:30 PM


  2. This useless cunt gets $18 million for running BP into the ground and poisoning the Gulf? Nice.

    If there's anybody left who's delusional enough to think that corporate Amerikkka is some kind of meritocracy based on performance, this should help snap them back to reality. It's a circle jerk of psychopaths.

    Posted by: Jacknasty | Jul 25, 2010 8:17:50 PM


  3. "If there's anybody left who's delusional enough to think that corporate Amerikkka is some kind of meritocracy based on performance, this should help snap them back to reality"

    BP is a UK company...

    Posted by: Quakerjono | Jul 25, 2010 8:28:30 PM


  4. It's 40% UK owned and 39% US owned. It trades on the New York Stock Exchange as BP, having shed the increasingly inaccurate "British" Petroleum name several years ago.

    As if your pedantic complaint refuted anything said up above, to begin with.

    But fine - instead of merely branding American capitalism as a corporate circle jerk of psychopaths, let's simply expand the definition to include all multinational corporations.

    I'm fine with that!

    Posted by: Jacknasty | Jul 25, 2010 8:35:04 PM


  5. he should give his money to all those fishermen who's livelihoods have been destroyed.

    Posted by: Josh Allwine | Jul 25, 2010 10:47:22 PM


  6. This means nothing. This problem is bigger than this self important scumbag. Merely cosmetic to deflect criticism and public condemnation, like AIG changing its name.

    Posted by: TANK | Jul 25, 2010 10:47:22 PM


  7. Given that he's a self-serving tool, he should have done this months ago. Now he's probably just hoping to avoid personal lawsuits and snuggle with his golden parachute in his clueless castle.

    Posted by: Paul R | Jul 26, 2010 4:44:29 AM


  8. may the spirits of all the dead birds and other animals visit him in his sleep. every minute.

    Posted by: MJ | Jul 26, 2010 5:21:41 AM


  9. BP employs more Americans than most other energy companies in the U.S.; many of whom live on the gulf coast. (Their American headquarters are in Houston, TX) I've read that an American will probably take over as CEO.

    Posted by: Brian in Texas | Jul 26, 2010 7:05:34 AM


  10. What makes so many people hate this man and so many love Steve Jobs even though they are separated morally by the tinniest margin? I guess iPods dont kill defenceless sea birds..

    So much hate is due to the ignorance about the 'B' in the company name, its sad really and shows the US is still far from over its colonial touchiness.

    Posted by: Rovex | Jul 26, 2010 10:08:07 AM


  11. >So much hate is due to the ignorance about
    >the 'B' in the company name

    No, the hate is due to the fact this incompetent twat is getting paid millions of dollars for not only fucking up his own company royally, but for causing arguably the single worst manmade environmental catastrophe in the history of the world.

    >What makes so many people hate this man
    >and so many love Steve Jobs even though
    >they are separated morally by the tinniest
    >margin?

    Call us when Steve Jobs engages in cost cutting stupidity which results in an accident that pours millions of gallons of crude oil into the Gulf, kills an untold multitude of wildlife, goes sailing on his yacht and then whines about wanting his life back. All while collecting an obscene salary as a reward for his gross incompetence.

    If you're too stupid to make out the glaring moral difference between these two men, please do yourself an enormous favor and shut the fuck up.

    Moron.

    Posted by: Jacknasty | Jul 26, 2010 11:44:17 PM


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