One Suit Replaces Another

And things will improve, of course! “Tony Hayward, the embattled chief executive of BP, has agreed to step down and be replaced by Robert Dudley, the company’s most senior American executive who is now in charge of BP’s operations in the Gulf of Mexico, according to a person close to the company’s board.” [NYT]

Steve in Manhattan
6:00 pm • Sunday • July 25, 2010
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Choose Your Delusion

What Happens in Laredo, Stays in Laredo The Pentagon Papers: The Next Generation

10 Comments

Mistress Cynica

6:40 pm • Sunday • July 25, 2010

Wonder what kind of golden parachute Tony got. You know he didn’t walk away empty handed.

Walking Still

7:03 pm • Sunday • July 25, 2010

Dudley Do Right to the rescue.

I’d prefer Horse (or Nell).

JNOV

7:26 pm • Sunday • July 25, 2010

@Walking Still: I was thinking The Exact Same Thing!

ADD: Or Natasha and Boris. They’d get this shit done.

Walking Still

7:35 pm • Sunday • July 25, 2010

Mr. Peabody could use the Wayback Machine and off the bastards before the grand fuckup.

JNOV

7:48 pm • Sunday • July 25, 2010

@Walking Still: Sherman! <– wait, that was the kid, right? Damn, I love you, Walking Still!

Walking Still

7:50 pm • Sunday • July 25, 2010

@JNOV: Love you too.

Sherman was the kid. I think Mr. Peabody would spare him the wet work.

Mistress Cynica

11:29 pm • Sunday • July 25, 2010

Poor Tony is only getting $18 million. Whatever will he do?

LONDON (Reuters) – BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday.

The Times said Hayward will be giving up 546,000 share options and a maximum of 2 million shares in the company under a long-term incentive plan, now worth an estimated 8 million pounds

Signal to Noise

11:58 pm • Sunday • July 25, 2010

@Mistress Cynica: aw, he’ll have to cry himself to sleep at night on those pillows stuffed with cash.

Benedick

8:36 am • Monday • July 26, 2010

This man has suffered, people! Of course, being Americans you couldn’t possibly understand. I only hope he can get his life back.

karen marie

9:29 am • Monday • July 26, 2010

The $20 billion escrow fund has not received its initial $5 billion yet.

Let me guess — the Obama administration never got it in writing.

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