Posted on 07/27/2010 1:03:44 AM PDT by TigerLikesRooster
Oil spill sends BP £11bn into the red as former boss is exiled to Russia's wasteland (with £600,000 a year pension)
By Becky Barrow
Last updated at 8:52 AM on 27th July 2010
* Gulf of Mexico Oil spill to cost BP a total of £20bn
* Tony Hayward: I feel 'deep responsibility' for blast
* American Bob Dudley to replace Hayward as boss
* BP shares open almost 1% higher this morning
Oil giant BP plunged into the red for the first time in 18 years today as it racked up a massive $32.2billion (£20.8billion) bill for the fatal oil rig disaster in the Gulf of Mexico.
BP, which also confirmed the departure of beleaguered chief executive Tony Hayward, posted a loss of $17billion (£11billion) for the April-June period following the Deepwater Horizon tragedy.
The firm is replacing Mr Hayward with U.S. oil boss Bob Dudley and also announced a shake-up of its portfolio including up to $30bn (£19.3billion) in asset sales over the next 18 months. Tony Hayward will stand down from the helm of the troubled oil firm in October by 'mutual consent', the board announced last night
Mr Hayward, widely seen as a 'dead man walking' since the disastrous spill off the U.S. coast, now faces being sent to work for the firm in Siberia in a non-executive role at TNK-BP.
(Excerpt) Read more at dailymail.co.uk ...
P!
Tony Got His Life Back!
So. 600,000 Pounds/year in Russia, with no responsibilities, weekends in the finest Moscow hotels, breakfast of Beluga Caviar and champagne, and the best looking hookers East of Amsterdam.
Boo-hoo.
Heck, for L600,000 I’d go to Siberia in a heartbeat.
He will probably make another half a billion in stock options over the next ten years helping Russia develop their oil and gas fields. On top of his salary.
Looks like Tony will have to mount skates on his yacht, if he spends much time in the Siberian suburbs.
No, he'll probably live at home and travel to Russia a few times per year.
"with no responsibilities,"
No, as you can clearly see he is a director and has therefore director's responsibilities.
"weekends in the finest Moscow hotels, breakfast of Beluga Caviar and champagne,"
And, what exactly is wrong with this picture? He has earned it just like all other people.
"and the best looking hookers East of Amsterdam."
What is the evidence he uses hookers? You apparently think that all people are like you.
Ah well, we’ll have to find someone else to hate now.
What is wrong with that?
If you think so, by the way, you are free to buy the same options, what's stopping you?
Yep. Nice, moral conservative crowd. With such conservatives, full of class envy and hatred of the "rich," is it any wonder we have a communist in the WH?
Was the operation very painful?
Thank you for telling us more about yourself, imubish.
I can understand the grumbling when it comes to people like Kerry or Geitner but that isn't so much class envy as hypocrisy. You don't promote tax increases and then dodge taxes. However, all too often we get suckered into an Orwellian "20 minute hate" over people like... Martha Stewart? Remember? People couldn't wait to see her walk the plank.
I completely agree with you. We have the right to judge people's actions. Here you point to actions of Kerry and Geithner and show them to be hypocritical. There is no class envy at all. In fact, you easily prove that: your accusations of hypocrisy would be the same even if the actors were not wealthy.
"However, all too often we get suckered into an Orwellian "20 minute hate" over people like... Martha Stewart? Remember? People couldn't wait to see her walk the plank. "
I was puzzled by that, too. My personal take at the time was that people found her annoying.
The reason I referred to class envy in the previous post is that people routinely rage against CEOs, Wall Street, etc. Actions don't matter: the salary is high --- he is a "fat cat." and certainly a crook. None of them deserve a few millions in pay (but Jay Leno or Michael Jordan deserve $45-50M/year or Adam Sandler $30M in six weeks). You hear this thread after thread on this forum. The bashing of Hayward on this one was predictable.
| I am bothered by this for two reasons. First is that this is purely a defamation. People --- conservatives, no less -- accuse others without any evidence. And second, this is precisely what socialists from Marx to Hitler to Stalin wanted us to do: be hateful of anybody making more than we do. It is a sad reality that even conservatives don't realize that they are playing the role of "useful idiots," as Lenin called them. In other words, this phenomenon is not just an abstract thing to be amused with --- it is costly for the country in that it gives free rain to the socialists. (This is precisely what happened in Germany in 1930s: the entire country turned left; the three main parties were all socialist --- Nazis, Communists and Social Democrats). This is costly and dangerous.
There was nothing tongue-in-cheek in my comment.
"not addressed to him"
You are apparently unaware of the difference between a private conversation and a public forum.
"and responds with disjointed snark and vitriol.
I merely attracted the attention of other posters to your defamation, class envy, and basic disregard for the truth.
"Enjoy your next retort,"
You think too highly of yourself, my friend. Your words are so shallow and immoral that they don't require any retort. I am merely attracting attention to the fact that a self-described conservative engages in commie class warfare on this forum. That's all.
You don't have to read my posts, for it is clear you don't understand even the subject matter.
P.S. Your inability to examine may stem from your belief that perfection could be effortless. It cannot.
Bravo!
And where was the anger about due process when it comes to forcing BP to put up 20 billion? Sure, they are probably guilty but what was the point of all those Westerns in the 50s and 60s where the Marshall protected the criminal from the angry mob outside the jail? Maybe we all went to hell in a handbasket when we stopped watching Westerns in this country and instead we started prosecuting the Marlboro man. :-)
That's quite a hike in profits during Tony Hayward's leadership. I wonder how much cost cutting was involved on the Deepwater Horizon?
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