BP CEO Tony Hayward, who has been much maligned for a series of verbal missteps during the Gulf oil disaster (though his company’s conduct and failures leading to the disaster would presumably be disqualifying as well) will leave the company, according to multiple reports and government officials. Hayward would continue on the corporate board through the end of the year, but would end his tenure as CEO by October 1.
In a move to reset the corporate image of BP, Hayward will be replaced by Robert Dudley, an American and the current Managing Director of the company. He would become BP’s first American CEO.
A White House official told the Wall Street Journal that the Administration played no role in the resignation of Hayward, and that it was a decision of BP’s board.
Hayward leaves behind a still-unresolved situation at the bottom of the Gulf. The containment dome over the gushing Macondo well remains in place, but between 94 and 184 million gallons have spilled into the ocean, and the ships supporting the cleanup effort have scattered in the wake of Tropical Storm Bonnie and are only now returning to the area. The relief wells, seen as the only permanent solution, have yet to be completed, and of course the massive cleanup has barely begun. Residents were skeptical that Hayward’s departure would matter much to their immediate concerns, or that BP would salvage their reputation through this move:
But other Gulf residents shrugged upon hearing the news. The oil, they said, has already done its damage.
“It doesn’t matter,” said Chris Foss, a 39-year-old boat captain from Port Sulphur. “Whatever happens with the corporate dudes is irrelevant. The only thing that matters is what they are going to do about this mess.”
Patrick Shay, 43, sat on a porch swing of his cottage in Grand Isle on Sunday, his front yard filled with small, white crosses, each bearing the name of sea life or ways of life the oil spill has killed.
“He seems like a pretty self-absorbed person, so I’m not surprised to hear he would walk away in the middle of all this,” he said of Hayward. “If anything it will help. They need to get him out of the way and get this cleaned up.”
But while the worries should continue for Gulf residents, not so for Hayward. He stands to collect nearly 600,000 pounds ($900,000) per year upon retirement, and could see a seven-figure golden parachute on top of that.





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See, the market works. /s
The Gulf residents are right. Haywards fortunes are irrelevant. The fact the replacement is American is not at all reassuring given the history of the former American company Amoco. Basically, the Amoco culture prevails in North Amercia and is the source of the problems and disasters under the BP brand.
One hopes that poor l’il Tony isn’t forced to downsize his yacht.
So he’s American. So is Don Blankenship.
An animated film on global warming. About 15 minutes.
http://coalitionofthewilling.org.uk/
Dear Leader to visit “The View”
http://abcnews.go.com/Politics/president-obama-view-abc/story?id=11241260
As if Tony Hayward is completely to blame for the volcano of oil in the gulf. What an opportunity to hang Hayward out for people to lay the blame on. PR stunt
Just a better liar…the American
Yeah we won’t have ol’ Tony to kick around anymore
Deport his boat and his oily ass to Grand Isle Louisiana, park them in a marina…
iirc Dudley and Hayward were in competition for ceo last time and Hayward won out.
And tomorrow BPs expected to post a HUGE quarterly loss$13B
This must be tragic for him, although it will give him more time to spend on his yacht.
Hey Tony: Don’t let the door hit you in the ass on the way out…
BP is cynically and calculatedly replacing one rich entitled white man for another. That one is British and one is USA makes no difference.
What are the real consequences and where is the real accountability for Tony Hayward? What? He gets to “retire to spend more time with his family” and the family yacht and walks away with millions upon millions.
If Dudley happens to get “caught out” effing up (don’t worry, Dudley will do his best to get away with murder, too), so what? Then Dudley will just walk away with millions upon millions, too.
There is no accountability for such as the uber wealthy. And let me just say that none of these rich @**holes prove to me that the vaunted private sector is so much “better” than the gov’t at running anything.
That BP waited this long to do it, is a good yardstick of how little concerned with public opinion they are, and also of how little concerned they are with any real punitive measures from Barack Obama and the U.S. Government.
In fact, it’s worth contrasting how quickly Obama put Sherrod under the bus, when the loons got after her, with how long BP held on to Hayward as part of their “admit to NOTHING” plan, with so many people howling in outrage about what they’re doing to the Gulf of Mexico.
It IS a PR move, to some extent, but Hayward has served his purpose. He’s held on enough for the misery to move to the back burner of the news stove, and that was THE plan, from day one; to limit the PR damages.
Firing Hayward a week or two into the catastrophe would have played into the reality and truth of “We fucked up; we know it; and now we’re going to feed Tony to the media and the public.”
Instead, keeping him on for three months and counting, after the platform blew, is BP flexing it’s muscles and showing us just how cocky they are about not having anything to worry about from the Obama Administration.
Hanging on to Hayward this long is the equivalent to BP saying “Fuck off!” when the EPA told them to stop using Corexit.
I mean, when you’ve got the United States Coast Guard threatening people taking photos of oil-drenched beaches and dead birds and fish, with a $40,000 dollar fine and 1-to-5 years in jail, you’ve got locks on the board, and you could hold on to Saddam Hussein as your CEO.
What I’m terrified by is the total oil and gas industry federal lobbying expenses. $175 million used in much more dastardly ways than yachting races (stats according to VoteiQ.com’s “Hot Topics” page)
Indeed to both of your responses @14 & @15. Quite agree. Commentators stated at the beginning of the volcanic disaster that BP would “hold onto” Hayward for as long as took for the ****storm to die down, and then they’d dump him (giving him his zillion dollar golden handshake, which is what the fat-cats get when they mess up or get caught, whichever comes first).
BP gave us all the finger, and BHO bowed down before them.
Shirley Sherrod admitted that *at one time* she had a negative attitude towards whites (given that her father was lynched), but then had a change of heart and helped some POOR white people (as well as helping poor minorities): OFF WITH HER HEAD!!! Especially when known serial liar & Karl Rove operative, Andrew Breitbart, commands it.
Yeeesh… oh yeah: the private industry does *everything* so much better than the gov’t, doncha know?
Unpack the parachute and seize his stock holdings.
Let him sue us to get them back.
Appropriation of feloniously gained assets is the only language these thieves understand. It will be a lesson to his cohorts across the Corpos.
Now we will have tweedle dee instead of tweedle dum.