It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent. About £40 billion has been wiped off its total value. The fall has caused pain not just for BP shareholders, but also for millions of company pension funds and small investors who have money held in tracker funds. www.telegraph.co.uk...
Originally posted by IcarusDeepSea
reply to post by Silk
I see. If I may, I need to ask if you are employed or under contract with BP to minimize online negativity in open forums?
Originally posted by spirit_horse
According to this worker, BP requested permission from the federal Minerals Management Service to displace, or remove, the mud before the final plugging operation had begun. The mud in the well weighed 14.3 pounds per gallon; it was replaced by seawater that weighed nearly 50% less. BP didn't respond to request for comment on this account, nor did the MMS.
Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
BP bought all outstanding stock in Boots & Coots. One of the biggest oil spill clean up companies around.
Originally posted by ThaLoccster
reply to post by Dock9
I wouldn't find it odd that an oil company owned stock in a company that cleaned up oil spills, especially a company with a record of accidents.
Originally posted by Dock9
Interesting
www.godlikeproductions.com...
moneycentral.msn.com...
Think I remember seeing this info on ATS a while back, but if not, it's being stated around the traps that Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
BP bought all outstanding stock in Boots & Coots. One of the biggest oil spill clean up companies around.