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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.

 

Motorola CEO: Android To Rule

Speaking at a recent conference, Motorola CEO Sanjay Jha said he believes the mobile ecosystem will follow the path seen in the PC ecosystem and standardize on one dominant operating system. Android has gained some serious momentum in the ...

Senh: So far, it looks like Android will eventually be the dominant operating system for cell phones. It's hard beat FREE. It seems like there's a new Android phone out every month. Sure, the iPhone is best-selling smartphone out there for consumers, but when pretty much every other cell phone maker or carrier are coming up with new Android phones, it's hard to beat.

 

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.

 

AIG to name ex-Pru CEO to head AIA unit: source

American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.

 

BP Denies CEO Hayward Is Resigning

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

 

Court sides with ex-Enron CEO

Court sides with ex-Enron CEO

Supreme Court says fraud law can't be used in convicting Skilling for role in Enron collapse.

 

As oil spews in Gulf, BP chief at UK yacht race

As oil spews in Gulf, BP chief at UK yacht race

In what one environmentalist described as "yet another public relations disaster" for embattled energy giant BP, CEO Tony Hayward took time off Saturday to attend a glitzy yacht race around England's Isle of Wight.

 

BP, in Shift, Says Hayward Remains in Charge

BP officials said that Tony Hayward, their embattled C.E.O., was still in charge of all BP operations despite comments indicating that he was relinquishing his duties in the Gulf of Mexico.

 

Tony Hayward replaced by BP as head of its oil cleanup effort

Tony Hayward replaced by BP as head of its oil cleanup effort

A day after its chief executive's widely panned appearance before Congress, BP said Friday that it would replace Tony Hayward as head of its oil-spill cleanup effort.

 

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