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painkilla05Jul 26, 2010
This guy should be shot...out of a cannon. Into the sun.
hetmanJul 26, 2010
No. He should be forced to live on a house boat in the middle of the spill until he dies of some wierd cancer from breathing in poluted air for the rest of his life.
coconutxJul 26, 2010
What exactly has he himself done wrong that would deserve this? Apart from having no PR skills and being gaffe prone of course. I doubt he personally had any involvement with the deepwater horizon rig at all.
hetmanJul 26, 2010
If he was a decent person he would commite sepeku and most of the BP board should also.
coconutxJul 26, 2010
@Hetman - You're proving my point. You haven't given an actual reason.
hetmanJul 26, 2010
Shame for being in a company that started this disaster. He should have chose to work for a different company that does not routinely break regulations and have oil spills. Comment is buried, click here to see the rest.
coconutxJul 26, 2010
You would be hard pressed to find a company without fault. Also I wouldn't be so quick to blame BP for the entire thing, Transocean actually owned and operated the rig and were responsible for saftey on site. I would wait till investigations have been completed before making judgements. BP's american operations have a poor saftey record, but their other operations around the world are quite good.
In addition, the MMS granted BP exemptions from several regulations. If there is someone who deserves to be fired its the head of the MMS (who was eventually fired).
In comparison to how other companies have handled oil spills, I would say BP's response has actually been one of the best. In comparison to say the exxon valdez disaster, who are still trying to reduce their costs for the clean up even though it has been lowered by several factors already.
hetmanJul 26, 2010
I am no t going to stop the blame at BP. There are a lot of people who should be killing themselfs over this.
mike42979Jul 26, 2010
You are an idiot, he personally signed off on shortcuts for fixes to save BP millions of dollars.
zoltan9Jul 26, 2010
He was in charge of a company that regularly violated and ignored safety measures. So while he didn't cause this himself, he is 100% responsible for it.
coconutxJul 26, 2010
@mike42979
Which shortcuts did he personally sign off? Firstly, assuming BP did take saftey shortcuts at deepwater horizon, the MMS approved BP not installing more backups. Secondly that kind of decision would not be taken by a CEO anyway, I doubt it would go higher than the section head of America Bob Dudley. The most a CEO could do is put in a policy of trying to reduce costs, which every company does anyway, but unless they acted knowingly illegally I doubt that makes it his fault.
@zoltan9
From reports so far, the main areas which could have prevented this disaster were signed off by the MMS. Also BP's relatively poor saftey record in America, in comparison to BP's record elsewhere, should indicate that the responsiblity is with BP's head of America Bob Dudley.
Don't get me wrong I still think Haywood needed to go, not neccesarily because he deserved it but because he had become the face of the disaster.
Ironically Bob Dudley is now the most likely candidate to replace Haywood.
sloiJul 26, 2010
But he likes being a delivery boy!
Closed AccountJul 26, 2010
What a f**king prick.
twinklyjesusJul 26, 2010
Yeah, because you wouldn't take a salary like his or the severance package in his contract. You'd work for free and give your severance to the poor.
He gets paid based on the revenue he's responsible for. You just hate people who are more successful than you.
chr1slJul 26, 2010
you a right, the amount is correct considering his important level (CEO of a big company like BP)
BUT! I'm pretty sure the comment is more related to the fact that his job was/is being the CEO of a company which is DESTROYING the world.
so yeah, what a f**king prick
covertbadgerJul 26, 2010
The only way in which these payments can be withheld is if he is fired for gross negligence. Since he is resigning, and since the spill can't be directly and unambiguously pinned on him, there is no choice but to pay it. If I were him, I'd take the money too, and the fact that some angsty nobodies on digg think he's a prick will cost him, by my estimates, not one picosecond of sleep tonight.
tubatechnoJul 26, 2010
This is just simply encouraging class warfare.
We, in the middle or lower class, can't seem to understand anything about contracts and large salaries of successful businessmen. So we grab our pitch forks and start hating them.
neotechniJul 26, 2010
"The only way in which these payments can be withheld is if he is fired for gross negligence."
I'm pretty sure that's why he's leaving
jtsciraJul 26, 2010
That should help him get his life back...........
uglyteradonJul 26, 2010
That's exactly what I was thinking. Now he can go back to yacht races and not being pressured to do any work.
lukas1051Jul 26, 2010
Well... no yacht races around the Gulf of Mexico.
asingh01Jul 26, 2010
This guy is a typical CEO who loves the lifestyle and the power trip that being in his position brings. As soon as he/she needs to do any work, they start whining about how its tough.
Give me a break, Tony.
johnnygeturgunJul 26, 2010
we should kiss this mans hands... if it weren't for him we'd be in a much worse situation
artosrcJul 26, 2010
Careful-- you may gag.
Closed AccountJul 26, 2010
You forgot your </sarcasm> tag.
iamjeroJul 26, 2010
Title should of read "Whats wrong with the world today"
Makes me sick to think people like this get a huge golden parachute even though their incompetence was on show for the world to see.
Too bad he wont be vacationing at any beach anytime soon without a black sticky reminder of his failed life.Comment is buried, click here to see the rest.
oboshoeJul 26, 2010
"Too bad he wont be vacationing at any beach anytime soon without a black sticky reminder of his failed life."
Since he lives in Britain and can afford to yacht or take his private jet anywhere, I sort of doubt that he will be vacationing in the gulf.
jcx1600Jul 26, 2010
Reward for failure? Sounds like Britain has the American attitude now. And don't say anything about blah blah BP is not owned by Britain, current largest stockholder and part owner, Prince Phillip, who is husband to Queen Elizabeth. Enough said.Comment is buried, click here to see the rest.
reivJul 26, 2010
Its a law for early termination of a contract, not an attitude. This doesn't change the fact that its disgusting.
I'm guessing the shareholders or the board decided the damage of keeping him would cost more than axing him.
coconutxJul 26, 2010
Erm, I'm pretty sure JP Morgan is the largest stockholder.
covertbadgerJul 26, 2010
So because Prince Phillip is a shareholder, that negates the fact that Americans own as much BP stock as the British, and the company in its current form is merged from a British company and an American one? Seriously, the desperation of some Americans to disown BP is hilarious.
andyswanJul 26, 2010
It's a transaction between private parties. It has nothing at all to do with you.
spinningheadJul 26, 2010
Right. Their profits are private. The mistakes, which ruin tens of thousand of lives and businesses and ecosystems belong to all of us and we get to pay for them for a long long time. Thanks for condensing the conservative thought process though.
gone2013Jul 26, 2010
And that is why he doesn't have a job anymore.
spinningheadJul 26, 2010
No job and 18million dollars?
andyswanJul 26, 2010
And that's why there is a court system, to try to "right" the wrongs that have been socialized and bring to justice those that deserve it. BP is trying to get ahead of the game by establishing a huge fund, but only time, and courts, will tell if that was a PR move or an effective effort at righting their wrongs.
I personally have no idea what role the CEO played in the criminal actions of those on the well, if there were any at all....at this point it's like trying to decide guilt in a murder before evidence is fully presented. I'll leave that to the courts to decide just as I'll leave it to BP shareholders what they will honor of their departing CEO's contract. I have nothing at all to do with that transaction. Comment is buried, click here to see the rest.
spinningheadJul 26, 2010
If I burned tires in my backyard, my neighbors would have me in jail and the trial would last about an hour.
gsm54321Jul 26, 2010
Libertarians and the right talk about freedom, but what they really mean is the freedom to f**k with everyone else.
gsm54321Jul 26, 2010
"And that's why there is a court system, to try to "right" the wrongs that have been socialized and bring to justice those that deserve it. BP is trying to get ahead of the game by establishing a huge fund, but only time, and courts, will tell if that was a PR move or an effective effort at righting their wrongs."
I love this concept becuase it is one of the best logivcal falicies in libertarian thinking.
I get the concept, we shouldn't have intrusive liberty destroying government telling business what to do, but instead should just use the courts to punish them when they do make mistakes.
Except that is wrong.
What if BP went bankrupt tomorrow, who would be left holding the bill? How about companies pouring poison into the air, should we wait until a generation has birth defects and the companies gone out of business and can't pay before we act?
Who's liberty is destroyed? An entity operating in ways that effect the public, because our government abridged their absolute freedom by telling them they can't do something harmful to others?
So like I said, more proof that the freedom you speak of is based on the idea that your freedom to harm me is greater then my freedom not to be harmed.
thegreat0neJul 26, 2010
Well, gsm, I suppose you can thank your government for providing the legal framework for creating corporations that limit the liability of the shareholders. If shareholders were not allowed to hide behind a fake person then you would be allowed to sue them directly, so they can't just get away by allowing the company to go bankrupt. But the government doesn't like that much.
gsm54321Jul 26, 2010
Uhm, thegreatone, you missed my point 100%
I'm not talking about limited liability, I'm talking about premptive
liability.
Even without limited liability, a firm could still do more damage then it and all the share holders are worth. Meaning that the victims have no compensation, even if the libertarian system works PERFECTLY. And that it would also be considered wrong for the government to regulate this industry. Also I find fault with the idea that while I may be compensated for having my livelihood destroyed and having to move hundreds of miles from my home by BP, it's some great sin to say we are going to impose limits on you so that this doesn't happen in the first place.
So like I said, their right to harm me is greater then my right to not be harmed.
Libertarians basically say that the government has no place keeping a rapist from raping you, as long as he pays you the market price for sodomizing a prostitute.
rsm33Jul 26, 2010
Last time I checked BP was a publically traded company. Hence this is not a transaction between private parties. It is a transaction between a publicly owned company and one of its officers, so it is entirely within the public's right to be involved. Even more so for those that own shares of BP.
andyswanJul 26, 2010
Publicly traded does NOT mean held by the public. It just means that shareholders can trade their shares on a public exchange.
It is a private transaction between the shareholders of BP and their CEO. The shareholders could stop it, if they wanted to and it was deemed legal by a court of law. Comment is buried, click here to see the rest.
spinningheadJul 26, 2010
"It is a private transaction between the shareholders of BP and their CEO. The shareholders could stop it, if they wanted to and it was deemed legal by a court of law. "
Well, as long as nobody stopped it, it must be morally sound.
rsm33Jul 26, 2010
"Publicly traded does NOT mean held by the public. It just means that shareholders can trade their shares on a public exchange.
It is a private transaction between the shareholders of BP and their CEO. The shareholders could stop it, if they wanted to and it was deemed legal by a court of law."
That is EXACTLY what publically traded means. If you own a share of BP, you are an owner. If you own 50% +1 of the outstanding shares of BP you control the company and have minority owners with you. When a company "goes PUBLIC" (that is the official term for it) with an IPO (initial PUBLIC offering) they are selling their PRIVATE interest to the PUBLIC. At that point, all of their employees and officers must have their compensation PUBLISHED annually and made available to the public as required BY LAW.
So, sorry, but it is not a private transaction. It is a PUBLIC transaction and must be under the laws of the United States and the enforcement codes of the SEC.
Nice try though.
cl1mh4224rdJul 26, 2010
This account has been closed by the user
cl1mh4224rdJul 26, 2010
This account has been closed by the user
Closed AccountJul 26, 2010
Socialize the losses privatize the profits
gsm54321Jul 26, 2010
And what about all of the thousands of "private" lives destroyed by this companies "private" transactions?
That's the biggest lie you freaks try to push. Nothing is completely private, so saying that because it's private nobody else has any right to say "hey you're f**king my "private" s**t up, is just bulls**t.
thegreat0neJul 26, 2010
"And what is so private about a company protected by GOVERNMENT / public limited liability laws."
You tell me. Your government decided that they're still private.
whysocerealsJul 26, 2010
1. Something something something
2. Something something
3. ???
4. PROFIT
tarantulusJul 26, 2010
something something something darkside?
wayne247Jul 26, 2010
I believe the answer is "India"
thegreat0neJul 26, 2010
That's not really that much for such a huge company. Were you expecting any less?
spinningheadJul 26, 2010
You're only underscoring whats wrong with our current system.
Closed AccountJul 26, 2010
So private companies paying people who work for them as they see fit = what's wrong with our system?
spinningheadJul 26, 2010
Private profits / socialized risk
After all that's happened, the guy that was responsible for running the company at fault is the only one who will actually be better off after this. Taxpayers lose, fishermen lose, the gulf states lose, shareholders lose, Tony wins.
thegreat0neJul 26, 2010
I know there is quite a lot wrong with the current system, I'm just saying this is not surprising at all.
Anyway, unless you can bring criminal charges against Haywood, I don't see how his actions should result in any financial penalty against him. He was chosen as the CEO of BP by BP's board members (who were chosen in some way by the shareholders probably..I don't know how BP decides that) and BP will still bear the burden of all of their financial obligations.
osmanzubair658Jul 26, 2010
Heck, even Conan got $45 million (out of which about $33 million was for himself) for walking away from The Tonight Show.
coconutxJul 26, 2010
I agree, in fact its probably a bit low. Don't forget a lot of this pay is in the form of stock options as well.
Another way of looking at it is that outside US operations, BP has done extremely well with him as CEO. A lot of people are blaming the spill entirely on him, which is obviously ridiculous. He is the CEO, not a rig manager.
In fact if I were him I'd be pretty pissed at getting only that much, considering how everyone seems to hate him. Not that he hasn't been gaffe proof, but in these situations everything you say is under the microscope. It's to be expected someone will say something stupid eventually. People have painted him as some sort of evil overlord, an object which they can direct their righteous indignation at. However, I think he is actually just a reasonably good business person with very little PR skills.
thegreat0neJul 26, 2010
I agree that it is low. BP is getting away with having the public put a good amount of blame on him which takes away from the blame they get. They'd probably have given him more, but if they gave him two or three times this the public would be outraged.
whodoneitJul 26, 2010
Give me 18 million and put the blame on me. I wouldn't give a rats ass if everyone in the world hated me.
confuciussayJul 26, 2010
Haywards is laughing to the bank! . I probably would too after all the hate.
fifteenstepperJul 26, 2010
There's no doubt this is part of his contract. It's what companies do to attract top talent--if he had been the best CEO ever, he'd probably leave with the exact same bonus.
zephyrprimeJul 26, 2010
There is no way he would leave with the same bonus. He would have left with much more.
727super27Jul 26, 2010
Japan does this kind of thing right: ritual suicide.
mtxrawkusJul 26, 2010
He should seppuku.
leepiiJul 26, 2010
Until citizens are willing to do something besides bitch on the internet thieves like this will continue to steal from all of us.
covertbadgerJul 26, 2010
'Besides'? I'm not even bitching on the internet about it, I say good for him. I'd take the money too, in his position. I'm f**king agog to see what you're going to do about it though. Besides bitching on the internet, of course.
sumtallguy1Jul 26, 2010
What did he steal from you?
Closed AccountJul 26, 2010
Bulls**t. Utter bulls**t (if it's true...)
warlok480Jul 26, 2010
seeing what those Wall Street guys made as bonuses for screwing up the economy, 18 million seems like chiuckenfeed...I mean there were BILLIONS in bonuses paid thru those corporate banks..
Closed AccountJul 26, 2010
I understand salary should reflect company revenue, but f**k me 18 million seems unfair. I will never see a million dollars and I know I'm just as capable as anyone else (with the right education of course).
I still say company profits should be capped, with the remainder going towards defense, education, structure, health, communitty welfare, and scientific/social advancement.
I'm speaking out of envy of course. I just don't see why some people should be severely over paid while others are dramatically under paid. Comment is buried, click here to see the rest.
therightsideJul 26, 2010
Isnt envy one of the seven deadly sins?
ontainJul 26, 2010
so is greed and gluttony.
therightsideJul 26, 2010
So he is greedy ONLY bc someone offered to pay him this amount? He should have worked for free?
wyrdwolfJul 26, 2010
You are missing one important ability that most CEOs possess. The ability to screw over anyone, family, friends, strangers and still sleep at night because they have no moral values. The difference between CEO and sociopath is one of background mainly.
therightsideJul 26, 2010
Let me guess, you smoke weed everyday and sit around contemplating how people screwed you and blaming them for your position in life.
wyrdwolfJul 26, 2010
Actually, I don't drink, or smoke. I work for what I earn, which is enough to pay my bills. I used to work in a bureaucracy, where I watched people with no moral values advance, even if they could not do their jobs. Now I just sit back and watch as people are confused as to why it's all falling apart.
Closed AccountJul 26, 2010
The fact is people are over paid for the work they do. Believe me, I know first hand as I work for the Government.
xsecretfilesJul 26, 2010
I want to hate the guy, but I guess is a Job. Now If I were him, I would feel guilty for taking the money BUT I would gladly donate a chunk of it towards the Gulf recovery appeasing the crowd and my conscience.
osmanzubair658Jul 26, 2010
They're just kicking out the head so people would think they've removed the problem. This is just a diversion, government needs to regulate the s**t out of them to make sure this does not happen again.
chris12313Jul 26, 2010
Amazing how these rich bastards always argue that they got where they are at because of hard work and dedication, yet every time they f**k up they seem to make even more money. I'm for all capitalism, but this current corporatist capitalism makes me sick.
phylaxerJul 26, 2010
A true captain never abandons a sinking ship.
reivJul 26, 2010
Unless his crew are mutineers
jkmyoungJul 26, 2010
While I'd like to say that the spill isn't totally his fault, whose fault is it then? Tony Hayward, with his ill-timed remarks and lack of sensitivity makes for a perfect media target. BP can pseudo-pretend it was all it's CEO's fault without having to take as much blame. BP needs him.
therightsideJul 26, 2010
It was an accident. It happens.
foxifiednutbarJul 26, 2010
Hey kids,
Smoke a joint, you're a criminal...
Ruin the majority of jobs, economy and wildlife in the Gulf, you're a Hero...
thegreat0neJul 26, 2010
If it can be shown that the spill was a result of Haywood's own personal negligence, then criminal charges can and should be brought against him. Otherwise, BP's decision to pay him off is their own, and I don't really think he's getting paid that much. Also, I think you're the only person that thinks anyone is considering him a hero.Comment is buried, click here to see the rest.
covertbadgerJul 26, 2010
Where does it say that anyone thinks he's a hero? Oh wait, it doesn't. Sorry, I thought you were making a point...
blitz9200Jul 26, 2010
So what does it say about someone who can get away with being the CEO of the company responcible for one of the biggest disators in US history?
I'm prety sure smoking a joint isn't even close to that manetude (You know, the point your obviously ignoring), but you guys have convinced yourself crazier things.
covertbadgerJul 26, 2010
"Get away with"? In order for him to be "getting away with" anything you'd have to prove he is personally responsible. If you have the evidence to do that, I'm sure there's plenty of people keen to bring criminal charges against him. Since you don't have any such evidence, however, you have to accept that this is just a guy who is getting his contractually-entitled remuneration and the outrage on here is simply misplaced envy rather than injustice.
And I ignored the point about weed because, frankly, it's too dull to contemplate discussing. There are people in this world who like to bring up the legalisation of weed in every single conversation they have, regardless of its utter irrelevance to the case in hand. This is an example of that, and ignoring it is the correct way to show the disdain it deserves.
tinkafooJul 26, 2010
"Thanks for leading the company that f**ked up most of the Gulf of Mexico! Here's $18 million to play with! Enjoy!"
what.
thatsmyaiboJul 26, 2010
He didn't personally command that the company should leak oil into the Gulf. His company f**ked up, they were slow to react, they are working on making things right. Get over yourself.Comment is buried, click here to see the rest.
biznessman128Jul 26, 2010
"SORRY FOR THE MISHAP AMERICA, GTG LOL"
shingoexJul 26, 2010
I wish I could help screw up the planet that badly, then cut and run while getting paid that much...
frostekJul 26, 2010
You *want* to screw up the ecosystem? You bastard! ;-)
therightsideJul 26, 2010
Our society demands that we drill oil. We all use oil every day of our lives. It was an accident. Our lifestyles paid this mans salary. Now you people want to crucify him? That doesnt make a lot of sense.Comment is buried, click here to see the rest.
jkmyoungJul 26, 2010
Society says drill oil, don't screw up. If you screw up, you're doing it wrong.
It's hard to tell how much of this accident could be prevented, but considering the casualness of corporations when it comes to worker safety, it's not hard for people to believe BP could have prevented it.
neotechniJul 26, 2010
"It was an accident"
An accident caused by that assh**e cutting corners in safety to save money.
Wait, that doesn't sound like an accident.
It's like saying someone accidentally lost all their money in Vegas. They knew the risks
FFS his company turned off the fire alarms! He has BLOOD on his hands!
marlowweJul 26, 2010
The best things in life are free
but you can give them to the birds and bees.
Now give me money - THAT'S WHAT I WANT
trifoldJul 26, 2010
If BP was an American company, he would be walking away with no less that $100MM, probably a whole lot more, so at least there's that.
The whole golden parachute concept for failed executives is completely insane. The fact that they collect these huge payouts regardless of performance is disgusting. Another symptom of our sick economy.
frostekJul 26, 2010
It's 50% American, isn't it?
zephyrprimeJul 26, 2010
Well it's domiciled in Britain but it is half owned by american investors.
sumtallguy1Jul 26, 2010
It's how they attract the good talent. BP was profiting in the billions; it's not like he didn't earn it.
neotechniJul 26, 2010
He didn't. Every penny should go to the people in the gulf
asus3000Jul 27, 2010
He didn't earn s**t. He could spend all day everyday with his feet up on the desk and his eyes shut and fungible oil would still be bought and sold..
bryceman111Jul 26, 2010
I could live to be 200 years old and live handsomely with that 18 million. I would have 90,000 each f**king year.
1234brandonJul 26, 2010
That's not even factoring the interest if you stored your the excess income in a bank account.
furburgerhelperJul 26, 2010
BP CEO to Sail Away with $18 million: report
[Fixed that for you]
Closed AccountJul 26, 2010
Appropriate?:
http://www.youtube.com/watch?v=xfVJ11GXzXQ#t=0m57s
artemzJul 26, 2010
The most interesting is where will be the next of his job?
What company it will be?
Closed AccountJul 26, 2010
CEO - criminal equal opportunist.
Do you job. You WIN!
f**k up your job. You WIN!
opus1one1Jul 26, 2010
Frankly, a retirement compensation package of $18-million for the CEO of one of the world's largest corporations isn't that egregious. Compensation packages for similarly sized American based companies often an order of magnitude larger
I'm also willing to bet that Hayward's compensation package was contracted a long time ago. It looks bad in the context of the oil spill, but if this were another store called "CEO compensation for the world's largest corporations", he'd be on the bottom of the list (except for people like Jobs who are so wealthy and opt not to take a real salary).
Finally this guy isn't the only one responsible for what happened in the Gulf. It's typical populism to ask for the head of the top guy. The truth, however, is that the blame for this disaster starts when we all look in the mirror. We're all up in arms when disasters like this occur, but we're equally up in arms when gas hits $4/gallon.
Welcome to the sausage factory.
mdellingJul 26, 2010
The only people that should really have their head on a platter are the engineers/managers who cut corners and ignored safety procedures.
niradgJul 26, 2010
When you point on that modern capitalism is seriously broken, teabaggers cover their ears and yell that you're a socialist. There is little to no correlation between what a person is paid and his or her value to society.
thegreat0neJul 26, 2010
Well look at what we have here, a person who is angry because he doesn't understand that very few people are capable of effectively running global corporations and thinks those who are lucky enough to end up with the job owe him something.Comment is buried, click here to see the rest.
niradgJul 26, 2010
Well look at what we have, a right-wing sycophant boot-licker who will follow around the CEOs of global corporations in hopes that some change might fall out of their pockets.
Go back to your doghouse.
thegreat0neJul 26, 2010
:'D and I suppose we should be out there overthrowing the bourgeois scum and replacing them with democratic worker's counsels that, like, totally know how to run things, man! And instead of having companies compete to provide products that people want at low prices, we can, like, have everyone work together in harmony to give everyone everything that they want for free, and people will just work their hardest because they care soooo much about everyone else.
Admit you're angry because you have no marketable skills and you're a parasite.
sumtallguy1Jul 26, 2010
He runs a gigantic global corporation that has profits in the billions. What do you want him to do, work for minimum wage like you? His value to his company is worth whatever they pay him.
neotechniJul 26, 2010
"He runs a gigantic global corporation that has profits in the billions. What do you want him to do, work for minimum wage like you?"
Maybe that money should have been divided amongst some of those harder working minimum wage salary guys. God knows they deserve it more
opinionsstinkJul 26, 2010
"When you point on that modern capitalism is seriously broken, teabaggers cover their ears and yell that you're a socialist."
What we have now, and where the problems come from, is not capitalism, but corporatism. A collusion between large companies and government (as the enabler, it is governments fault). Eliminating the large companies (or severely regulating/controlling them) from the situation is socialism as the government would then control the means of production.
"There is little to no correlation between what a person is paid and his or her value to society."
That is actually true, as it should be. The salary that a person earns is in no way related to their value to society (/points to the cast of Jersey Shore). And it shouldn't. Their salary is correlated to his or her value to the employer.
rotzooiJul 26, 2010
He should have the grace to donate ALL of that to the Gulf Cleanup Fund.
But he won't.
thegreat0neJul 26, 2010
Do you use oil? Perhaps you should donate all of your money to the Gulf Cleanup Fund as well.
jeremyofmanyJul 26, 2010
What can be said? Nothing. Because nothing said by myself nor anyone else on this board will change the fact stated in the above headline.
Closed AccountJul 26, 2010
It's truly amazing how many people are whining about his pay.
We don't even know whether BP is entirely to blame for the blowout, but it doesn't stop Digg whining about it.
He might have been a very successful CEO, helping to generate lots of revenue for the company. Why shouldn't he get money that has likely been negotiated in a contract and therefore would have to be paid or he could sue them and get even more.
methdwman3Jul 26, 2010
Most of this is stock, so depending how the package is set up, his financial gain probably rides heavily on how BP does.
Additionally, people in these types of position are always going to get some sort of good package. Instead, they could not give him anything and lost at least a few million in a wrongful termination suit.
phatfiendJul 26, 2010
As much as I disagree with him getting a severance bonus etc, I can't stand people on here saying that they are worth just as much to socioty as any CEO blah blah blah. The jealousy of people is incredible. Yes, corporate America's pay structure is messed up and lots needs to be done to fix it, but stop pretending like you are just as hard working as these people.
If you are just as hard working an ambitious and willing to take risks as an executive or CEO of any company then stop talking s**t and go do it. Chances are they are there because actually worked hard every day of their life to be where they are. Don't expect to make amazing money and benefits doing an entry level job your whole life, you get paid to learn and become more useful to a business and to innovate, not to slack off and badmouth your employer and be jealous of everyone with more than you.
That being said I think the appropreate action for the CEO of BP would have been to resign to an advisory position making a normal wage with no bonus until the spill is cleaned up, then to resign fully from the company.Comment is buried, click here to see the rest.
bigglespipJul 26, 2010
"when he steps down" WHEN? Now? 10 years? It's not even all that much money for the oil biz.
What about the boss of the American company running the equipment? Or the American company making the equipment? Or the American employees operating the equipment? Lynch every last one of them.
tumbler360Jul 26, 2010
Seems like a wag the dog moment. American People will feel that their concerns are being heard by this event and going forward the damage that is done won't seem so bad since it's a nice looking white guy who doesn't have an accent.
Meanwhile...
BP has how many other oil rigs operating in the gulf right now? No reason to shut those all down for mandatory rigorous safety checks... No reason to stop drilling at this depth in general, the well is capped...no big deal, lets just all get back to work. We'll know how to cap the next well the blows inside of 60 days for sure!
mdellingJul 26, 2010
That's the American way: when faced with an engineering disaster, rather than attack the engineer and his manager, crucify a businessman that spends all day meeting with shareholders halfway around the world.
ravagedsoulJul 26, 2010
Tony Hayward worked for BP for 28 years, and worked his way up to the CEO position. This is very reasonable compensation for the CEO of a major corporation, who's been with the company for such a long time.
torikanJul 26, 2010
"WHOOPS! BEST OF LUX CLEANING THAT UP, WORLD LOL. Now if you'll excuse me, I have my earnings to cash..."
whodoneitJul 26, 2010
I wonder which wildlife protection fund he's going to be putting 18 million dollars towards?
Oh wait..
sumtallguy1Jul 26, 2010
Why don't you go ahead and donate your retirement money first, then we'll all follow.
whodoneitJul 26, 2010
Certainly. If I was CEO of a large company and this type of disaster happened on my watch, I would definitely donate a large sum of money to a cause such as wildlife relief. Nobody needs 18 million dollars to retire.
As a professional in the advertising world, I would absolutely see fit donating money to schools or universities or any cause that was related to my field and my success, especially more so if ended up burning down the college I studied at.
edwarddouglasJul 26, 2010
Before everyone attacks his pay realize the board of directors approved his pay and his severance package was likely in his contract when he was hired.
kashewJul 26, 2010
Who cares. Dude'll likely never be able to get a job like that again and his life is ruined. He will forever be that guy that oversaw BP's disaster. You figure $18 million for the rest of his life isn't that bad.
noyb1Jul 26, 2010
The guy will get a job again or write a book or get speaking engagements. Point is big business is never held accountable for their actions.
necronomicanaJul 26, 2010
His life isn't ruined. He could absolutely get another job (it's not like he bernie madoff-ed or enron-ed). And on top of that, If someone gave me $18 million, I'm pretty sure I could live well for the rest of my life and never have to work again.
If only I could get paid to f**k something up.
Closed AccountJul 26, 2010
PAY APPLE ALL YOUR MONEY !!! FANBOYS !!!
Steve
send from my iphone 3g
maxxusflamusJul 26, 2010
you people seem surprised...
Society doesn't reward responsibility anymore. Especially at the very top.
tgc1Jul 26, 2010
Yup. The World still isn't fair.
lamberticusJul 26, 2010
Now he can get back to playing with his chums in the Moody Blues. Wait, I guess that is Justin Hayward.
artemzJul 26, 2010
Where it will be in the Forbes rating?
May be the best sail man?