BP chief Tony Hayward sold shares weeks before oil spill
--The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill gusher caused its value to collapse. 05 Jun 2010 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.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/78...
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/78...
Replies to This Discussion
-
Permalink Reply by Metalchemist on
-
Coincidence?
I would think NOT.
Conspiracy? -
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Keep the posts coming lionhearted they are all arrive in good form at least in my lonely corner of…"
What's in Macron's hand? Cocaine bag?
" Perhaps a tissue he's used to wipe his nose could be a possibility. Seems what ever it…"
What's in Macron's hand? Cocaine bag?
"I’m wondering if anyone on this site has seen anything I’ve ever posted?"
What's in Macron's hand? Cocaine bag?
"Macron picks up white powdery substance next to glass of water"
"Macron, Zelensky and others are so busted!! State of the Nation has video! I don’t know how to download it? Need help with the download."
Shadows from the Crevasse
Haunted by shadows from the crevasse of memoriesA man who thought himself talented and…See More
more lines
"This sad puppet learning his lines has ruined his country, its population and its future and now he…"
© 2025 Created by truth.
Powered by
