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BP Names Dudley CEO, Loses $17.15 Billion

BP Names Dudley CEO, Loses $17.15 Billion

BP posted a loss of $17.15 billion and said that Robert Dudley will lead the entire company from October 1 when the embattled Chief Executive Tony Hayward steps down.

Senh: I wonder if the fact that he's an American has anything to do with his promotion.

 

BP CEO to walk away with $18 million: report

BP CEO to walk away with $18 million: report

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.

 

BP CEO Tony Hayward To RESIGN On Tuesday: Reports

BP CEO Tony Hayward To RESIGN On Tuesday: Reports

Tony Hawyard, BP's CEO who's quickly become the public face of the Gulf Oil spill, will be stepping down, according to reports in the British press.

Senh: All it takes is one fatal mistake, and you're out - actually, just the worst environmental disaster of all time. But I'm sure he's not complaining, especially with his $18M severence package. It's still a mystery to me why these CEO's get paid so much when they f'd things up.

 

Fraudsters angle for piece of BP oil spill fund

Fraudsters angle for piece of BP oil spill fund

Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses.

Senh: Whenever there's money involved, lots of people are gonna want a piece of it. Sucks for the actual victims.

 

BP set to begin Libyan drilling

BP is set to begin drilling off Libya amid safety concerns over the Gulf of Mexico spill and accusations over the Lockerbie bomber.

 

BP stalling payments to oil spill victims

BP stalling payments to oil spill victims

British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said on Saturday.

Senh: I don't blame them. They're already spending so much money trying to contain the spill. I think that should still be their main focus. After that, compensate the victims.

 

Gulf of Mexico Storm Weakens But Oil Spill Cleanup Suspended

US weather forecasters say a storm system moving through the Gulf of Mexico and delaying work on BP's broken oil well has weakened. The National Hurricane Center said Saturday that the remnants of Tropical Storm Bonnie are diminishing as it ...

 

BP sells $7B in assets for cash

Sale moves company closer to goal of raising $10B to cover spill expenses, bolster financial position.

 

BP Failed to Fix Safety Device, Worker Testifies

Drilling continued despite a leak on a critical safety device, a company official told investigators.

 

Gulf oil well cap appears successful

Gulf oil well cap appears successful

Engineers fighting the Gulf oil spill are confident that the cap over the well is strong enough that they may be able to plug it up soon.

 

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