1: Tony Hayward, BP CEO
As any coach of a professional sports team knows, when your bosses publicly declare their support for you, the end is nigh. So it is with BP head Tony Hayward, who, a spokesman has averred, “has the full support of the board.” To be sure, Hayward has been dealt a horrible hand. It is one thing for a catastrophic oil spill to happen on your watch, it is quite another for it to happen in ecologically sensitive waters within view of the American media. But Hayward has been unable to get ahead of the crisis at any point. BP has shown little interest in getting an accurate flow rate, leaving itself open to charges that it’s hiding the extent of the spill. Hayward has sought to minimize the environmental impact and talked about how inconvenient the spill is for him saying, “You know, I’d like my life back.” He has, inadvertently, made a convincing case for green energy legislation. Shareholders might forgive these gaffes, but they can’t overlook the billions in market value that have been lost during this misadventure. Hayward will be out soon after the relief well finally stops the flow.
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