BP's Hayward set to resign, Russian official says

First we have:

Russia's top energy official said he expected BP's (BP.L) chief executive Tony Hayward to resign soon and that Russian officials would be told the name of his successor at a meeting in Moscow later on Monday.

Then we have:

A London spokesman for the British oil company said: "Tony Hayward remains chief executive officer. No change to that position is under discussion."

It's like is BP saying no change is in discussion as to not have the news released too soon? Or, is it just speculation from the Russians?

Hayward "only" makes $1.5m a year. A nice sum of course, but that's just a fraction of what CEOs from American companies make, and considering he's now one of the 10 most hated men in America, it's probably not worth it. Actually read an interesting piece theorizing that all his PR *****-ups were part of an elaborate plan to get fired and live off an amazing severance pension. Which...sort of makes sense. It's hard to believe that anybody in his position could be THAT retarded.

More from source

"We know that Tony Hayward is leaving his position and he will introduce his successor," Igor Sechin told reporters ahead of a meeting with Hayward. Sechin, who is deputy prime minister and board chairman at Russia's biggest oil company, Rosneft (ROSN.MM), was responding to a question asking about the subject matter of the meeting.

BP's Hayward set to resign, Russian official says

Further reports show:

BP spokeswoman Carolyn Copland in London said the report "is definitely not correct." Sheila Williams, also in London, said, "Tony Hayward remains chief executive."

BP denies CEO Hayward is resigning


[edit on 28-6-2010 by jhill76]

reply to post by jhill76


Mr. Haywood wanted his life back. Good riddance to the ignorant buffoon, calling the residents of the Gulf Coast "small people". Glad to see him go after showing his behind to Congress.