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BP CEO Tony Hayward resigns

Related story: BP makes record loss as Tony Hayward quits.

By Ann Telnaes  |  July 28, 2010; 12:00 AM ET
Categories:  Environment  
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Comments

Posted by: insanecommenter

"That cartoon was so bad my mom is finally giving up her subscription to the Washington Post after 75 years thanks Ann!"

==========================================

Now . . . if only you'll join your mother . . . .

Posted by: lufrank1 | July 28, 2010 4:14 PM | Report abuse

Corporations have become so top heavy and corrupt, executives get rewarded for destroying their company, devastating the environment, ruining people's lives, ripping off the investors, and embarrassing their home countries. Now the courts of given them unlimited access to the political campaigns through corporate political contributions. What a country!

Posted by: MyVoice3 | July 28, 2010 9:59 AM | Report abuse

He hasn't landed yet. No telling what could fall ahead for this man in the future. I doubt if he returns to this country any time soon. This is a disaster of massive proportions and we should not allow ourselves ever to become passive about.

Posted by: JONAHandtheFISH | July 28, 2010 9:10 AM | Report abuse

wpace is 100% correct. Hayward has been with BP for almost 30 years and most of his retirement income will be his pension, which doesn't even amount to all that much!

Compare that with Nardelli, ex-CEO of Home Depot, who was there for 7 years, ran the place into the ground and walked away with a $120 million parachute.

The problem is that nearly ALL CEOs of American companies have golden parachutes like this and the solution lies in removing some of the control from the board in setting executive compensation.

Posted by: scadolph | July 28, 2010 9:00 AM | Report abuse

wow, what thought must of went into that overly simple comic strip. mr hayward was with bp for something like 35 years. most of his "parachutte" is in the form of earned retirment money. mr hayward made many mistakes and many mistakes that he will pay for but he was not single handedly responsible for the mess in the gulf. demonizing the man serves no purpuse but to make the person doing the demonizing feel superior. why were they drilling so deep in the gulf where it is so difficult to work. maybe its cause our enviromental rules do not allow shallow drilling where it is much easier to work.

Posted by: wpace81196 | July 28, 2010 8:12 AM | Report abuse

It sounds to me like the oil spill will be a huge money-maker for BP, if the company gets to declare a $10 BILLION dollar 'loss' on their tax returns.
Kill a few people, destroy other people's income, contaminate the water and wildlife, 'fire' the employee who bungled his job by transfering him to a new job after paying him over a MILLION $$, declare a huge profit for your company.

Man, oh man, life is good! Thanks, American suckers!!!

Posted by: momof20yo | July 28, 2010 7:01 AM | Report abuse

Shouldn't the rate of taxation be increased on higher incomes.
Should not the U.S. have a value added tax like the rest of the civilized world.
Shouldn't there be a way of letting some of the millions of people in overcrowded prisons out to become useful citizens again.
Shouldn't there be a way of educating Americans that they will refuse to soak up the hatred and fear and sheer ignorance that so many corporations support on Fox News and the like.
Aw Heck - Just go on committing suicide Great American Friends. Go on !

Posted by: hamelinfish | July 28, 2010 6:45 AM | Report abuse

I guess the rich are truly different. If I screw up on the job, I get fired. This yahoo screwed up on his job, Heyward gets a golden parachute to cushion his landing (not even a fall). Pathetic!

Posted by: meldupree | July 28, 2010 12:34 AM | Report abuse

That cartoon was so bad my mom is finally giving up her subscription to the Washington Post after 75 years thanks Ann!

Posted by: insanecommenter | July 27, 2010 11:48 PM | Report abuse

Why is he leaving now that the Gulf is okay again?

BP just released some pictures of penguins, walruses and orcas frolicking in the clean waters of the Gulf of Mexico...Yeah!

Uhh...wait, penguins? Oh geez, did BP photoshop again?

FUNNY, check it out.

http://www.dailygoat.com/?p=1997

Posted by: eye95 | July 27, 2010 9:16 PM | Report abuse

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