BP CEO Tony Hayward to testify on Capitol Hill next week
Following the partial success of his oil spill cap, embattled BP chief executive Tony Hayward will testify before the House Energy and Commerce next Thursday at 10 a.m.
Hayward has increasingly become an object of scorn from Capitol Hill and the White House. President Obama said that he would have fired Hayward already if he worked for the president. (You can take the president at his word after last week's sacking of MMS director Liz Birnbaum, the first in the government to take the fall for the BP oil spill disaster.)
There was this rather hysterical story in today's New York Times contemplating a BP bankruptcy, despite the fact that the company remains hugely profitable, pays a dividend and despite the massive hit ($1.25 billion) the company is taking, is still worth $109 billion.
Shares of BP are trading down about 5 percent at just under $35 per share.
June 8, 2010; 1:19 PM ET
Categories: Congress , Corporations
Save & Share: Previous: GM recall: 1.5 million vehicles for potential fire hazard
Next: Stocks break pattern, rally in last hour to close up; gold closes at record high
Posted by: liveride | June 8, 2010 2:53 PM | Report abuse
Posted by: ChrisFord1 | June 8, 2010 4:11 PM | Report abuse
Posted by: KaneMan | June 8, 2010 4:44 PM | Report abuse
Posted by: cbriggs90 | June 8, 2010 5:59 PM | Report abuse
Posted by: itkonlyyou108 | June 8, 2010 10:11 PM | Report abuse
The comments to this entry are closed.