Saturday, July 24, 2010

Tony Hayward to Resign from BP Before Tuesday

From the Telegraph:

The chief executive of BP, Tony Hayward, is finalising the details of his imminent exit from BP this weekend as the oil giant prepares to make an announcement on the chief executive's future possibly within the next 48 hours.

After a weekend of detailed negotiations over Mr Hayward's severance package, it now appears almost certain that he will announce his departure ahead of BP's half year results on Tuesday.

The Independent, in a more recent story, isn't so sure:

Industry sources said that Mr Hayward has told the board he is prepared to announce his departure on Tuesday, when the oil giant reveals half-year results and estimates for the cost of the oil spill which killed 11 men.

The lives of many will be on Hayward's soul.

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