BREAKING: BP CEO Tony Hayward Demoted!

Friday, June 18, 2010


Embattled BP CEO Tony “I want my life back” Hayward was relieved of managerial duties at the oil giant.

According to Britain’s Sky News, a day after he was grilled by the U.S. Congress, Tony Hayward is being demoted. BP Managing Director Bob Dudley will take over day-to-day oversight of the Gulf of Mexico oil spill while BP’s chairman, Carl-Henric Svanberg (he of the “small people” comment,) will assume major PR duties.

The reason for shake-up is obvious. BP executives acknowledged Hayward has screwed up royally as the company faced the worst public confidence crisis in its history.

Svanberg, acknowledged the Hayward’s comments have not been helpful to BP’s efforts to control fallout from the disaster.

“It is clear Tony has made remarks that have upset people,” Svanberg tells Sky News. “This has now turned into a reputation matter, financial and political and that is why you will now see more of me.”

This entry was posted in BP, Corporate Greed, International News, News, Tony Hayward and tagged , , , , . Bookmark the permalink.

14 Responses to BREAKING: BP CEO Tony Hayward Demoted!

  1. Bill Hussein O'Reilly says:

    Great news.

    Maybe Texas Rep. Joe Barton will feel so badly now for Hayward he will drop to his knees and fellate him?

  2. Walk on Socks says:

    So Hayward is that much closer to having his life back?

    I’m sure he squired away much of his $33 million a year in compensation. $6 million in salary and $17 million in stock options and bonuses.

    He will never starve but he will go to his grave one of the most hated men in the history of the human race.

  3. Pechanga says:

    I watched about an hour of the testimony last night on C-SPAN who repeated the hearings.

    Hayward came across as a bumbling idiot. He had that defensive smirk on his mug like he resented having to face the United States Congress and answer questions for his company destroying the Gulf region and our treasured way of life.

    I just wanted to reach into the TV and drive my fist into his face. He’s an arrogant, British swell.

  4. Aunt Peg says:

    I know life is a journey fraught with risks. We can go for a walk and get struck by lightening.

    But BP cut corners and the result was the deaths of 11 workers. These men were someones sons, brothers, husbands and fathers. They didn’t deserve to die in flames, trapped in a burning oil rig.

  5. Dale L. Suyeishi says:

    It’s just a matter of time until Tony Hayward appears as the CEO or COO of another multi-national oil company, maybe here in the US.

    People like this never, ever, go away for good. They are just recycled over and over and over, destroying everything and everyone in their path.

    It’s the corporate way. Personally, I think Hayward should be charged with criminal behavior and jailed but I’m not a conservative, corporate-lover like Rep. Joe Barton.

  6. Massagatto says:

    One thing to be said for this site, it had this report up before the NYTs or the LATs.

  7. Thai Noodles says:

    Dale L. Suyeishi – You sound like someone who has been in corporate America? LOL!

    I’ve seen this exact scenario play out at company after company over 23 years in corporate life. These thugs rarely get their come comeuppance. But they’re often promoted and even celebrated.

  8. Greg Equality Lengkong says:

    In addition, I would add his name to Homeland Security Dept.’s “no fly list” so Hayward can never enter the USA again. There is no reason for him to return here unless he’s serving a prison sentence.

  9. Tiny Dancer says:

    Tony Hayward is a mumbling reptile.

    I saw maybe 15 minutes of the hearing and my guts started twisting up on me so I turned him off. This guy is so smug and acts holier-than-thou. Like some kind of British socialite being prevented from his cricket match.

  10. Tengrain says:

    Maybe dreams really do come true.



  11. Chad Lebanon says:

    Do you guys get ITN? We have it on PBS M-F and overall, they do a decent job of reporting world news.

    Anyway, ITN reported dead porpoises and a whale have shown up dead in Louisiana. These are sentient creatures — they have demonstrated intelligence and the oil is killing them. Not good, Mr. Hayward. Too bad it isn’t you dead in the Gulf instead.

  12. Tim Waters says:

    Well, it’s a start, I was hoping for a public Flogging.
    At least a waterboarding….

  13. Tony Hayward claimed when named CEO that he would make safety a priority. The ensuing events indicate that he failed. Even so, he is safe himself with his golden parachute. Beyond BP as a dysfunctional company, this points to corporate governance itself being broken in American business.


  14. Thanks author for your great sharing to law..

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