There is potential to exploit every disaster for financial gain. The catastrophic failings of BP recently have pummeled their share price and left it down 40%. The British oil giant has said that the costs have already reached $2 billion for the botched cleanup and additionally 100,000 barrels a day are reported to be leaking. Weekend reports also stated that the company could be trying to raise up to $50 billion in asset sales.
Meanwhile Tony Hayward is getting his life back together and enjoying some weekend yacht races. This hasn’t gone down well and his handling of the PR side of things has been “How Not To” guide book. This hasn’t helped BPs share price and his lack of remorse and sincerity has badly damaged the companies reputation. In a last minute attempt to salvage what’s left of their reputation SkyNews reported that Tony Hayward will lose control of the company’s operations and that Bob Dudley will now take over.
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