| Jens Thieme views and discussions | Jens Thieme views and discussions | Jens Thieme views and discussions

BP Hayward $17m chute

Do some damage and multiply

Is that the message now? Screw up a business and the lives of scores of people and be rewarded handsomely? Is this what I will have to defend or explain to my kids or be lost with when they try to live up to it?

Something outrageous again: while thousands suffer in the Gulf states, animals die, ecological damage is done beyond repair this arrogant moron cashes in on his screw-up?

Understandably: he did not drill the well neither did he hit a hammer against some equipment to produce the spill. But: aren't CEO's paid handsomely and way beyond own need to cover their heightened risk and be compensated up front in case they would have to take the fall over something that goes wrong in their arena?

So, beyond what this guy made over the years to address that risk he will be sent home with another package of how many million? Doesn't really matter folks and I refuse to spend a second researching or converting the numbers but at the end of the day Hayward leaves a loss above a dozen billion and in return collects a golden parachute in excess of 10 million - you do the math as to how much damage you need to do for how many golden parachute dollars.

As he is on his way to seamlessly occupy another high flyer role for a Russian conglomerate I wonder whether he will spend any of his risk fund to the families down at the Gulf who lost their business or lifetime savings or their kid's college funds. Looking forward to your comments...