A lot of folk have been trying to convince me that pension funds are dividing Americans from their friends across the pond. I think a lot of it is media driven, a common phrase I don’t use very often. Maybe I should.
If you ask me, you shouldn’t gamble with retirement. If your savings are investing, that isn’t the same as a savings account. Risk is risk. Anyhow, have fun reading the Guardian,
In the 59 days since the oil leak in the Gulf of Mexico, Hayward has been transformed into one of the most hated men in the US, and the ferocity of the encounter between him and the House of Representatives committee on energy and commerce was much-anticipated. As one committee member noted: “The anger at BP is at fever pitch. It’s almost palpable.”
The committee has been conducting an aggressive inquiry into the gusher, and called Hayward in to answer specific charges of suspected safety lapses and shortcuts in the design plan of the well in the days before the explosion on the ill-fated Deepwater Horizon rig.
But Hayward, who had been carefully coached by legal and media teams and was testifying under oath, failed to satisfy.
“The committee is extremely frustrated with your lack of candour,” Bart Stupak, who is leading the investigation told him. “You are the CEO. You have a PhD. We hope you have more candour in your responses.”
The reprimand was just a taste of the rancour towards Hayward. He was told by angry committee members that BP had a history of cavalier disregard for environmental rules and workers’ safety.
Hayward’s claims to have ushered in a new regime of safety after taking over as chief executive of the company in 2007 were plainly ridiculed.
“When I heard of the explosion in the Gulf, the name that immediately popped into my mind was BP,” said Stupak.