This seems to smell more of politics and a corporate damage limitation exercise, but the boardroom move to replace Tony Hayward could be a good way to offload some blame and bad decisions.
Could he have done more, or was he just unfortunate to be the top man during the worst oil catastrophe ever? Should he take the blame, or is it a case of it goes with the being the CEO and it happened on your watch.
The proposed replacement, current BP MD Mr Dudley is earmarked for the top job. He grew up in Mississippi and according to BP, has a "deep appreciation and affinity for the Gulf Coast".
Great quote from the BBC:
"Many commentators believe Mr Dudley's American accent will be advantageous from a PR perspective"
BBC News - BP chief Tony Hayward 'set to stand down'
Lets hope theres never an oil spill near Jamaica. Mr Dudley will be canned in favour of a long lost relative of Bob Marley...
I think it goes with the territory. When profits/share prices/whatever goes up, a CEO gets to take the glory, and when things go badly, a CEO has to accept responsibility and decide what to do about it. He hasn't personally supervised every transaction or even met every employee, but he's in charge of the overall outfit. Much like when exam results are good, head teachers are covered in glory even though they didn't teach every individual lesson, much less sit every exam - and when exam results are bad, the head teacher must decide where the problem stems from and how best to instruct the regular teachers to deal with it, even though they cannot be expected to personally tutor every pupil. The major difference being that I've yet to meet a head teacher who woke up one day to discover that his trusted senior staff had cut so many corners that they pumped 2.5 million gallons of oil into the world's oceans every day for fourteen weeks, knocking VirtuallyMary |
Recent Posts Cyber Security Services for Startups: Affordable Protection That Scales 1 comments Improving Website Visibility and Performance for E-commerce 2 comments Why Security Alarm Monitoring Services Are Essential for Homes and Businesses 1 comments Expert Service and Support for European Packaging Equipment: What to Expect 2 comments  Businesses that aren't yours but you would recommend 20 comments  How Custom Packaging Enhances Events and Leaves a Lasting Impression Wedding Invitation Printing: Tips for Getting It Just Right How Eating Disorder Therapy Can Help You Heal—Emotionally and Physically Handling a Loved One’s Belongings: A Gentle Guide to Deceased Estate Clean Ups soaring eagle casino How to Overcome Burnout at Work  Why Custom Packaging Matters for Your Business with Buy Packaging Boxes Easy-to-Assemble Bed Frames for Every Home Is a Super King Size Bed Really Worth It? Thinking of Upgrading During This Big Sale… The Rise of Ottoman Beds: A Smart Investment for Modern Homes |
