Posted on 06/05/2010 10:04:51 AM PDT by Dubya-M-DeesWent2SyriaStupid!
The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse.
BP chief executive Tony Hayward has been under intense pressure since the oil well erupted on April 20
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
(Excerpt) Read more at telegraph.co.uk ...
We might as well just call him Ken Lay II.
That’s cause Obama warned him about the explosion.
“That’s cause Obama warned him about the explosion.”
That’s the meme!
Unless he knew ahead of a plot to destroy the well; who cares?
DO NOT ENGAGE IN CLASS ENVY!
No matter how you slice it or how the media utilizes this to take the heat off of Obama...
Logic prevails it was a known... set plan.
It is advantageous to many in the Obama administration.
I would like to subpoena the trading at this same time of Rahm et al in the Obama administration...
Put -ONE plus ONE- together people and you spell corruption of the sorts we have never seen to make people rich and promote political environmental ideals at the same time...
***Bombshell expose’. The real reason the oil still flows into the Gulf of Mexico.***
***Top PR firm for BP tied to White House Chief of Staff Rahm Emanuel***
Will the MSM report or cover for Obama? It is a dangerous slippery slope at this stage of the game.
totally concur!
So, he knew there was going to be a catastrophic oil disaster?
He sold shares, there was no way for him to know that this was going to happen. It’s not like BP wanted this spill. They may be incompetent boobs who cut corners that contributed to this, but they aren’t evil masterminds using the oil spill in part of a master plot to rule the world.
The conspiracy theory works only if he owned zero shares but sold them (shorted them) and needed the price to go down in order to buy them back at a cheaper price and close out his position. If you are not implying a conspiracy theory, talking about the timing of the sales in the context of the accident is meaningless.
If Jon Swaine and Robert Winnett can show the exec knew in advance the well was going to fail, then get back to us. Otherwise, so what ?
Executives sell company stock pretty much all the time, or at least as soon as they can legitimately avoid the short-term penalty.
I gotta call NO STORY here.
I’m sure I did something that Obama would find suspicious before the explosion as well.
Curiouser and curiouser. Goldman Sachs sold 43.7% of its BP stock three weeks before the spill. http://www.dailykos.com/story/2010/6/2/104756/9217
This is idiocy of the first order.
I wish we sould see more reporting on the exemption BP requested from the feds concerning the concrete plug which the Obama thugs granted two-three before the explosion.
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