Hey, BP, WTF Does “Set Aside” Mean? Feinberg Needs Funds, Now

By: Wednesday July 28, 2010 8:01 am

So, in addition to giving Tony “I want my life back” Hayward his life back, the BP Board of Directors this week reported a $17,000,000,000 loss for the quarter and announced that they would set aside $32,000,000,000 to pay claims in their Gulf of Mexico fiasco.

 

Hayward Apparently Out as BP CEO

By: Monday July 26, 2010 6:02 am

BP CEO Tony Hayward, who has been much maligned for a series of verbal missteps during the Gulf oil disaster (though his company’s conduct and failures leading to the disaster would presumably be disqualifying as well) will leave the company, according to multiple reports and government officials. Hayward would continue on the corporate board through the end of the year, but would end his tenure as CEO by October 1.

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