Reports: BP CEO TO RESIGN
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Reports: BP CEO TO RESIGN

London : United Kingdom | Jul 25, 2010 at 6:53 AM PDT
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Obama And Hayward

Hayward To Sail Off Into Sunset

British and American media reports say BP’s CEO, whose gaffes made the company look even worse after the Gulf oil spill, is negotiating his resignation.

The BBC said the resignation of Tony Hayward likely will be announced within 24 hours.

BP executive Bob Dudley, who has an American accent, likely will replace Hayward.

Hayward, with comments such as he would like to get his life back and that he wasn’t privy to details of the well’s operation, seemed to make American enemies not only for BP but Britain itself.

Now, as the company finally is making major progress on controlling the spill from the Macondo Well after three months, BP and its investors appear to have had enough.

In two days BP will be releasing its second quarter results, which will report a massive quarterly loss due to expenses created by the spill.

“BP hopes the next few days will be the start of a new beginning for the company,” said Dr Richard Pike, chief executive of the Royal Society of Chemistry.

Based on recent experience with top executives forced to quit, Hayward likely will get a golden handshake. No need to worry about him being able to afford to continue sailing. He also isn't likely to be answering any questions, except under a subpoena.

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The president consults with BP chairman.
RobertWeller991 is based in Denver, Colorado, United States of America, and is an Anchor on Allvoices.
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