A heavily oiled pelican flounders on the beach at East Grand Terre Island in Barataria Bay , La.
(Carolyn Cole /Los Angeles
(Carolyn Cole /
The Independent: BP ignored warnings and cut corners, says Congress
The Washington
Perhaps not!!!
The Telegraph: BP chief Tony Hayward sold shares weeks before oil spill
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.
By Jon Swaine and Robert Winnett
Published: 05 Jun 2010
Published: 05 Jun 2010
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
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
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