NEW ORLEANS – BP’s Tony Hayward, whose gaffes added insult to oil-spill injury for the Gulf Coast, is on his way out as CEO, a U.S. government official said Sunday. Many residents found small comfort in that as BP’s biggest mistake under Hayward continued to foul their waters, their beaches and their way of life.
A change in leadership will not change the mammoth tasks ahead of BP, from stopping the offshore oil gusher for good, to cleaning up the millions of gallons that have already leaked, to paying billions in claims — all while defending its stock price and repairing its battered reputation. Read more…
