BP 'strong despite spill setback'

[Jeffersons Ghost]

BP 'strong despite spill setback'

BP remains a "strong company" despite the "setback" it has suffered as a result of the oil spill in the US Gulf of Mexico, its chairman says.

In an interview with Sky News, Carl-Henric Svanberg dismissed comments by Russia's president that the oil giant may face "annihilation".

Mr Svanberg also confirmed that BP chief executive Tony Hayward would be handing over the day-to-day response to BP managing director Bob Dudley. The BP oil rig exploded on 20 April.

http://news.bbc.co.uk/2/hi/world/us_and_canada/10355285.stm

[cutlassmama]

1. Hayward needs to resign. BP's stock is falling.

[opihimoimoi]

2. He is the Fall guy to do the Sword Trick for the BP Peeps... Stocks are falling??