The embattled chief executive of BP, Tony Hayward, watched his yacht sail in a race off the Isle of Wight this weekend while oil spewed into the Gulf.
BP described the outing as a “rare moment of private time,” but others were outraged.
“I believe it’s the height of arrogance,” said Richard Shelby, Republican senator from Alabama, in an article in the London Telegraph. “That yacht should be here, skimming and cleaning up the oil.”
Hayward already has come under fire for verbal gaffes that suggested he was insensitive to the oil leak and spill, the worst in U.S. history.
It’s become more fashionable to direct outrage at government, through the Tea Party and all. But I often wonder why more of it isn’t directed at the corporate world, which continues to embarrass itself.
We have held a small number of BP shares for years, and I have written about businesses from the corporate point of view — not just the consumer side.
But I have no sympathy for this. Like many others, I would have handed Hayward his pink slip long ago — and I expect it will happen in the aftermath of this debacle.
An article about how Congress is blaming BP cost cutting for the Gulf oil leak is here. Other oil companies have not exactly rallied to BP’s defense either. The truth is, accidents like this don’t just “happen.”
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