Tony Hayward the outgoing chief executive of BP declared that the Gulf of Mexico oil well disaster represents a failure for the entire deepwater oil and gas drilling industry. “The industry needs to re-evaluated safety” Hayward told in investment professionals in a webcast. Everyone will need to re-evaluate the business model to reduce risk associated [...]

Under pressure BP chief executive Tony Hayward is to leave BP in October. He will get an immediate annual pension of around $930000 when he leaves. That is $25.479 per day. Mr. Hayward has been under pressure over the Gulf of Mexico oil leak and it is expected that his pension entitlement will be hugely [...]