Tony Hayward: Another Big CEO Payout
It was on Tuesday that BP announced chief executive Tony Hayward was stepping down after just three years in the job. Hayward, long reviled by the public and, largely, as CEO, the scapegoat for BP’s most recent atrocities, hung his head and said, “Sorry.” And that was that.
Wasn’t it? Well, not quite. To coincide with his resignation, Hayward will be receiving a year’s salary of GBP£1 million (US$1.6 million) and a pension reportedly worth GBP£11 million, accrued over 28 years of service: a pretty hefty sum, given the massive losses the company has also reported during the very same week.
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Graphic by T Farrant | Twitter @fallenblossom