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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (76238)	5/27/2010 1:47:05 AM
From: tejek	Read Replies (1) \| Respond to of 149317

BP's corporate reputation has taken a very big hit and it's possible that the CEO and the head of North American operations may lose their jobs. Finally, the marketplace has spoken and BP has lost over $50 Billion in market capitalization since the start of the tragic Gulf oil spill. Yet, I still think BP will survive over the long term -- but new management will be required to enhance safety, create a new culture, and rebuild trust with all the stakeholders. BP had a history of screwing up. Hayward was supposed to be turning things around. Doesn't sound like he was if the cost cutting comments are true. In the end my WAG is that the cost of the disaster will outstrip BP's ability to pay.