Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 16, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide





Paul Robeson: A Life


Truthdig Bazaar
Empire of Illusion

Empire of Illusion

By Chris Hedges

Why School?

Why School?

By Mike Rose

more items

 
Ear to the Ground

How Do You Solve a Problem Like Tony Hayward?

Email this item Email    Print this item Print    Share this item... Share

Posted on Jul 26, 2010
Hayward
Wikimedia Commons / World Economic Forum

Not long for his position? BP CEO Tony Hayward may be on his way out.

It’s kind of amazing that BP’s beleaguered CEO, Tony Hayward, is still in play at this point, but he may not last much longer, as the oil company’s board members were slated to debate his fate Monday evening.

MarketWatch:

The statement follows media reports this weekend that Hayward has agreed to step down and will be replaced by Robert Dudley, the American heading the company’s cleanup efforts in the Gulf of Mexico in the wake of the worst oil spill in U.S. history.

“BP notes the speculation over the weekend regarding potential changes to management and the charge for the costs of the Gulf of Mexico oil spill. BP confirms that no final decision has been made on these matters,” the firm said.

[...] On Monday, the Journal as well as several other publications reported that veteran insider Dudley would take the helm this fall. Hayward would stay on the board until the end of the year and Chairman Carl-Henric Svanberg would keep his job.

One of the reasons that Hayward would stay into the fall is that the company would like to complete the drilling of its relief well—the only permanent solution to the spill—first, so as not to saddle a new CEO with the stigma associated with the leak.

Read more

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By Billy Treelaw, July 26, 2010 at 12:07 pm Link to this comment
(Unregistered commenter)

Has any body noticed: he looks like a hobbit. Tony the Hobbit Hayward! He’s wanted back in middle earth.

Report this
Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.