Wednesday, July 28, 2010

Tony Toni Gone

BP CEO and part-time Michael Sheen impersonator Tony Hayward has finally been given the axe after generally handling one of the largest ecological disasters in human history like a 7-year-old reluctant to clean his room. Unfortunately, this axe is made of at least $1.6 million in severance pay, along with $17 million in accrued pension benefits. Plus, Hayward will still hold a position with BP as non-executive director of its Russian oil operations. In other words, this isn’t really an axe at all. More like a soft pat on the bottom. Still, it’s good to see that BP has replaced Hayward with an American, Robert Dudley. Perhaps future criminal hearings will go better without that smug British accent making everything the CEO says sound like evidence of criminal negligence. More details here.