Why Pensioners Should Take Heed of Bp's Turmoil

Daily PostJuly 28, 2010

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Summary


WHEN the news about Tony Hayward's departure finally leaked out from BP yesterday after days of rumours, it was almost anti- climactic.

Hayward, most agree, had to go. His uncertain handling of events after the Deepwater Horizon explosion in April failed to inspire confidence, and as the scale of the environmental disaster in the Gulf of Mexico became clear he seemed illequipped to handle the media and political firestorm that resulted.

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Why Pensioners Should Take Heed of Bp's Turmoil

He infamously said the spill would have a "very, very modest" environmental impact because the Gulf was "a big ocean". And his performance in front o...

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