June 17, 2010
BP CEO Tony Hayward faces a Congressional sub-committee today as a part of the investigation into the BP oil spill. Before the first question has been asked we must be reminded that 30 members of Congress own some $14.5 MILLION in stock, not solely in BP but spread among all the oil companies. For all [...]
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June 16, 2010
Pres. Obama met with BP executives and established a nearly $20 billion escrow fund to be administered by Ken Feinberg for those impacted by the Gulf oil spill. BP Chairman Carl-Henric Svanberg, CEO Tony Hayward, Managing Director Robert Dudley and Lamar McKay, head of BP America, all met with the President to discuss the escrow [...]
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