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BP's embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on October 1. Hayward will receive a 1.6 million dollar severance package.

BP's Chief Executive Tony Hayward (L), Chairman Carl-Henric Svanberg (C) and Managing Director Bob Dudley pose for the media outside BP's headquarters in London, 07/27/10. (photo: Reuters)
BP's Chief Executive Tony Hayward (L), Chairman Carl-Henric Svanberg (C) and Managing Director Bob Dudley pose for the media outside BP's headquarters in London, 07/27/10. (photo: Reuters)

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Comments  

 
0 # Guest 2010-07-27 10:44
When I retired after an honorable career during which I solved a few problems, improved a few operations, and created no great messes, I had a farewell party. No golden parachute, just a few beers and some cold cuts for me and my friends. But, do you know? I was happy. And I'm still satisfied. My digestion is fine. We might be nice and hope that Mr. Hayward also feels good about things and enjoys his food.
 
 
0 # Guest 2010-07-27 10:47
I had serious anxiety about poor Hayward’s future. Now, that I know that Hayward will receive a year's salary of 1.045 million pounds ($1.6 million) and an annual pension of 600,000 pounds and under a long-term performance program he may get several million pounds more, if BP's share price recovers, I feel much better. His “unemployment insurance” policy must be outstanding!
 
 
0 # Guest 2010-07-27 14:04
Hayward got his wish -- He got his life back.
 
 
0 # Guest 2010-07-27 21:48
At last he has his life back, including the yacht. Unfortunately, there are 11 lives that won't come back. And an uncountable number of livelihoods that depended on fishing boats, not yachts. He can console himself further with caviar and truffles.
 

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