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highplainsdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-04-10 08:28 PM
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BP chief Tony Hayward sold shares weeks before oil spill
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Source: The Telegraph

BP chief Tony Hayward sold shares weeks before oil spill

By Jon Swaine and Robert Winnett
Published: 12:10AM BST 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 familys 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 BPs share price plunged after the oil spill began six weeks ago.

-snip-

Read more: http://www.telegraph.co.uk/finance/newsbysector/energy/...
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  -BP chief Tony Hayward sold shares weeks before oil spill highplainsdem  Jun-04-10 08:28 PM   #0 
  - It just figures..that asshole would be able to save his ass to some extent.  BrklynLiberal   Jun-04-10 08:47 PM   #1 
  - Only 4 million (pounds) a year. How DOES he scrape by.  FailureToCommunicate   Jun-04-10 08:50 PM   #2 
  - Amazing co-incidence.  dixiegrrrrl   Jun-04-10 08:55 PM   #3 
  - why did he do that?  Rosa Luxemburg   Jun-04-10 09:02 PM   #4 
  - I'm just waiting for some kind of "Enron" type of information  davidpdx   Jun-04-10 09:17 PM   #5 
  - Coincidentally, that is -- and more than strange . . . !!  defendandprotect   Jun-04-10 09:19 PM   #6 
  - He knew....  Patchuli   Jun-04-10 09:27 PM   #7 
  - Oh FFS  Ruby the Liberal   Jun-04-10 09:29 PM   #8 
  - Transparency?  Trillo   Jun-04-10 09:36 PM   #9 
  - granted the man is a sleaze  davidinalameda   Jun-04-10 10:04 PM   #10 
  - *phew* ... I smell a big rat!  CountAllVotes   Jun-05-10 09:34 AM   #11 
  - prior knowledge? gimme a break  TheWebHead   Jun-06-10 07:08 AM   #12 
  - Amazing this man isn't in custody  Doctor_J   Jun-06-10 07:23 AM   #13 
  - sell high, buy low? n/t  1Hippiechick   Jun-06-10 08:01 AM   #14 
  - Things that make you go "hmmmm". n/t  Zorra   Jun-06-10 02:56 PM   #15 
 

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