Gulf fishermen travel to London to chew out BP

[Judi Lynn]

Source: Associated Press

Gulf fishermen travel to London to chew out BP
'I am coming to articulate the anger of thousands of Gulf Coast residents whose lives and livelihoods have been destroyed while the BP board continues to prosper'
updated 51 minutes ago 2011-04-14T07:06:06

LONDON — BP faces waves of protests at its shareholder meeting in London on Thursday as fishermen from the U.S. Gulf Coast complain about poor compensation for the oil spill and institutional investors demand answers about a botched major deal in Russia.

Adding to BP's woes, two of the world's biggest pension funds have added their names to a growing list of investors planning to vote against the company's annual report, including executive bonuses, and the re-election of a key safety executive.

Also planning protests outside the meeting at London's vast ExCel center in London's Docklands district are indigenous communities angry at the company's involvement in tar sands extraction in Canada and scores of local workers embroiled in a dispute at a BP-owned biofuels plant in northern England.

BP investors who have watched the company lose a quarter of its market value, or some $55 billion, in the past 12 months and lost their dividend payments are ready to put the company on the spot.



Read more: http://www.msnbc.msn.com/id/42583867/ns/us_news-environment/

[CountAllVotes]

1. K&R!

:dem: :kick: !!

[ProfessionalLeftist]

2. GOOD!! n/t

[SpiralHawk]

3. The k and the r

eom

[xchrom]

4. Recommend

[nalnn]

5. Hehe

Good on 'em!

I would love to see that lol

[Loge23]

6. Meanwhile, In FL, Rick Scott won't sue

FL's new criminal Governor, Rick Scott, would rather work a Marketing deal for a fraction of what the state could get in court.
Of course, there's always the cut that he'll rake in with this tactic!

http://www.sunherald.com/2011/04/13/3023427/florida-gov-scott-urged-to-sue.html

[raccoon]

7. Right on! K&R. nt

[Corruption Winz]

8. k/r. A good rule of thumb; when your company is responsible for thousands....

of people struggling to make a living... you might want to wait a year or so to start handing out bonuses. That's just how I would do it.


But, what do I know? I have a conscious.

[PDittie]

9. Pic of Diane Wilson covered in oil

http://fuelfix.com/blog/2011/04/14/protesters-gather-at-bp-shareholder-meeting/

Comments there could us a little pushback also.

[dixiegrrrrl]

13. Also of note is this info buried deep in the story:

"Pressure from institutional shareholders is also growing on Dudley, the first American to lead the British oil company since taking over in October.

Calpers, the biggest U.S. public pension fund, and the Florida State Board of Administration have said they will join other smaller U.S. and European religious and ethical funds in voting against the reappointment of Bill Castell, the head of the safety, ethics and environment assurance committee. The two state pension boards together own some 0.4 percent of BP’s total stock.

And both Pirc, the investor advice service, and the Association of British Insurers have issued warnings about excessive pay packages for two BP executives.

Iain Conn, BP’s head of refining and Chief Financial Officer Byron Grote are receiving $505,000 and $621,000 for their performances not related to the oil spill."

[WatsonT]

10. Good for them

BP f*cked them pretty good.

And while I would be surprised if they get back all of what they lost they should fight for every penny they can squeeze out of BP.



If they want to enjoy the profits during good times they also have to accept the costs when things go wrong.

[ensho]

11. its not wise to mess about with fishermen

they brave the seas for a living

[TatonkaJames]

12. Eleven men dead

And they want to put them on "the spot" ? Who's leading this charge ?

[HillbillyBob]

14. Could it be possible that they can Shame BP execs....

Yea, Sure.

[Kurovski]

15. They should have taken the BP folks across the channel

and visited a nice old French guilliotine.

Wealthy French folks understand the importance of balance in keeping ones head.

[Lorien]

16. BP should be banned from all future leases here, and their executives

should face manslaughter charges.

[Nihil]

17. From the country that actively protects Warren Anderson?

Anderson was responsible not just for eleven deaths but ELEVEN THOUSAND and yet
he's still living high on the hog in the US of A ...

Justice takes a very distant second place to wealth.