BP Chief Tony Hayward May be Ousted Within 24-Hours

July 25, 2010

(ChattahBox)—Tony Hayward, the embattled BP CEO who was removed as the point man for the Gulf Coast cleanup operations due to his incessant PR gaffes, may now leave the international oil firm altogether. Multiple media sources are reporting today that Hayward, who once lamented at the height of the Deepwater Horizon disaster that killed 11 workers, that he wanted his “life back, “may be negotiating an exit deal in advance of BP’s board meeting on Monday.

According to a BBC report, Hayward may announce his exit within 24-hours:

“BP’s chief executive Tony Hayward has been negotiating the terms of his exit, with a formal announcement likely within 24 hours, the BBC has learnt.” […]

“BBC business editor Robert Peston said it was likely he would be replaced by his US colleague Bob Dudley, now in charge of the clean-up operation.”

And The New York Times is reporting that if Hayward isn’t already gone by the time the board meets on Monday, his future with the company is likely to become the main topic on the agenda:

“On Tuesday, when BP reported its second-quarter earnings, Mr. Hayward was supposed to reemerge from the shadows and make his best case to BP’s shareholders that the company has a viable strategy for the post-spill world.”

“Now it appears that strategy might not include Mr. Hayward, although no decisions have yet been made, according to the people familiar with the situation, who requested anonymity because they are not authorized to discuss the matter.”

Whatever the case, it appears BP is anxious to offer the shareholders a fresh face on Tuesday, to break the news of an expected second quarter loss resulting from upwards of $30 billion needed to pay cleanup costs and compensation claims.

So far, Bob Dudley appears to be less gaff-prone than Hayward, but it’s doubtful he’s all that much different from Hayward.

Hayward’s ultimate undoing may have simply come down to his British accent that riled Americans, already angry over the economic and environmental disaster caused by BP’s negligence.

When Hayward testified before Congress deftly passing the buck, in his signature upper-crust British accent, it made for bad optics, as they say. And there is the fact that Hayward suffers from a Biden-esque knack for saying all the wrong things at the worst possible moment.

Below are a few of Hayward’s lowlights compiled by CNN:

“May 14, 2010
In one of his most famous gaffes, Hayward told The Guardian “the Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume.”

May 18, 2010
“I think the environmental impact of this disaster is likely to be very, very modest,” Hayward told reporters. That same day, when asked about whether he was able to sleep at night in light of the oil spill’s disastrous effects, he replied, “Of course I can.”

May 31, 2010
Hayward told reporters, “The first thing to say is I’m sorry.” However, he continued, “We’re sorry for the massive disruption it’s caused their lives. There’s no one who wants this over more than I do. I would like my life back.”‘

It was good knowing you Tony.


One Response to “BP Chief Tony Hayward May be Ousted Within 24-Hours”

  1. Key Seat on July 26th, 2010 4:19 pm

    It’s going to be tough for Tony. Stiff upper lip there, chap!

    Can he really survive on a paltry $925,000 a year?

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