BP CEO Tony Hayward Banished to Siberia, Literally
July 26, 2010
(ChattahBox)—As reported yesterday, embattled BP CEO Tony Hayward is on his way out the door. BBC News has the details today, of his exit deal that includes an immediate $930,000 yearly pension when he officially leaves the company in October. But what wasn’t expected is the news that Hayward is being banished to Siberia, literally. Is this what Tony envisioned when he whined that he wanted his life back? And what about his yacht named Bob? Is Bob accompanying Hayward to Siberia?
The gaff-prone Brit turned out to be a private relations nightmare for BP, with his upper-crust British accent that made all the idiotic things he uttered in the course of the Gulf Oil disaster sound a million times worse.
According to the BBC, Hayward will leave BP financially set for life.
“He will also receive a year’s salary plus benefits worth more than £1m. [$1.3 million] Mr. Hayward’s pension pot is valued at about £11m [$14.3 million] and he will keep his rights to shares under a long-term performance scheme which could – depending on BP’s stock market recovery – eventually be worth several million pounds.”
As expected, Hayward will be replace by American executive Bob Dudley, whom has already taken over the day-to-day responsibilities of overseeing the Gulf cleanup operation.
And about that Russian gig— Hayward is reportedly being offered a ” non-executive position at the firm’s Russian joint venture” TNK-BP.
TNK-BP “is a leading Russian oil company. Although based in Moscow, TNK-BP’s major producing assets are located in West Siberia, the Volga-Urals and East Siberia.”
Photo Source: Wikimedia Commons/World Economic Forum/Tony Hayward, Group Chief Executive, BP, United Kingdom, captured during the session “Scenarios Series: Fuelling the Future” at the World Economic Forum on the Middle East 2008 held in Sharm El Sheikh, Egypt.