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Gulf Oil Spill 2010
- Thread starter bronconick
- Start date
dxmnkd316
Lucia Apologist
Re: Gulf Oil Spill 2010
you mean he caused the blowout? Jeebus. Get this man to area 51, he can control nature!!!
you mean he caused the blowout? Jeebus. Get this man to area 51, he can control nature!!!
Patman
Rodent of Unusual Size
Re: Gulf Oil Spill 2010
The King does everything... don't you know that by now.
I'm sure this guy probably ****ed up in a few ways.... but its not like the president where we know his stances on intra-company policies and other stuff.
The King does everything... don't you know that by now.
I'm sure this guy probably ****ed up in a few ways.... but its not like the president where we know his stances on intra-company policies and other stuff.
Handyman
Hug someone you care about...
Re: Gulf Oil Spill 2010
So now the head of the company isnt held responsible for the actions of said company?
Everyone agrees BP was lax in pretty much every safety protocol while under his watch...now you can argue he didnt know (I think we both know that is at best a naive point of view) but still, isnt the buck supposed to stop with him? Isnt he responsible for the actions of his employees which, as we all know make laissez faire look like ocd? Nah, he isnt responsible at all...he just had his head in the sand the whole time.
Wow...yeah he is really falling on the sword for the good of the company. What wouldnt you do to get a nice 11 million dollar golden parachute?
I wonder if the opinion would change if this was a different company.
So now the head of the company isnt held responsible for the actions of said company?
Everyone agrees BP was lax in pretty much every safety protocol while under his watch...now you can argue he didnt know (I think we both know that is at best a naive point of view) but still, isnt the buck supposed to stop with him? Isnt he responsible for the actions of his employees which, as we all know make laissez faire look like ocd? Nah, he isnt responsible at all...he just had his head in the sand the whole time.
Wow...yeah he is really falling on the sword for the good of the company. What wouldnt you do to get a nice 11 million dollar golden parachute?
I wonder if the opinion would change if this was a different company.
WeWantMore
New member
Re: Gulf Oil Spill 2010
Full disclosure: I have no idea how corporate contracts work.
But it seems to me that if he was promised this money, he deserves to get it.
Full disclosure: I have no idea how corporate contracts work.
But it seems to me that if he was promised this money, he deserves to get it.
Handyman
Hug someone you care about...
Re: Gulf Oil Spill 2010
I wouldnt say he deserves it, he is owed it under his contract. What he deserves is a completely different just reward
Yes, I made a semantical argument
I chose to make a joke instead of the inevitable discussion on why CEOs are given ridiculous buyouts when they nearly cripple a company. 
I wouldnt say he deserves it, he is owed it under his contract. What he deserves is a completely different just reward
Yes, I made a semantical argument
I chose to make a joke instead of the inevitable discussion on why CEOs are given ridiculous buyouts when they nearly cripple a company. 
unofan
Well-known member
Re: Gulf Oil Spill 2010
Devil's advocate, but BP maintained profitability despite said ecological disaster. That's gotta be worth something.
More to the point, it was in the contract. Don't like it? Then stop giving out said contracts.
Devil's advocate, but BP maintained profitability despite said ecological disaster. That's gotta be worth something.
More to the point, it was in the contract. Don't like it? Then stop giving out said contracts.
dxmnkd316
Lucia Apologist
ExileOnDaytonStreet
Drunkard
Re: Gulf Oil Spill 2010
(Do I use the real names of companies involved? Meh... probably shouldn't)
There is a very large, very profitable company that has a lot of stores in malls. I won't give away too much, but I'll say that they're led by a rich guy named Steve J. No, that's too obvious. S. Jobs.
My company provides the means for the huge, very heavy and quite unwieldy doors that they require for each store. We report to a general contractor, who (just for the storefront, to say nothing about who they deal with for the rest of the store) has to deal with, amongst others, the people who put in the structural steel to hold our doors, the people who put in the flooring and the track system for our door, electricians, yada yada yada.
Very large, very profitable company has frequently decided to change dates and schedules around with very little lead time. Usually it's because of some unnamed cell-phone related product that MUST BE RELEASED A WEEK EARLY. For instance, two weeks before a door system is supposed to be shipped, we'll get a message that they need it a little over a week earlier... I'm not joking, that actually happened.
Now, suppose the structural steel isn't quite in place yet? Suppose our vendors for any outsourced material on the doors has troubles with the new deadline? Suppose this new deadline means everyone has to scramble and rush through the thing? Suppose that's not the best idea when you're trying to secure a door system where each panel weighs upwards of 1200 lbs?
Without ever researching too much about the facts, I can imagine that that is pretty much how the Deepwater Disaster happened. Some corporate bigwig at the parent company says "I want this done, I don't care what it takes. Synergy!", with little to no thought about whether or not it's possible (or safe) to actually do it in the real world. Everyone else bends over backwards, to make the big money people happy so they don't lose any large, long-term contracts, and maybe they don't do their jobs as well as they should as a result.
Everyone's responsible for mistakes that they (or their firm) make as a result of the ensuing clusterfrak, but you can still trace a rather significant chunk of the error to someone who didn't think through the consequences of their actions.
Thankfully, none of our doors have collapsed, endagered entire ecosystems or exposed potentially extinction level Earth-farts, but the parallels are there.
(Do I use the real names of companies involved? Meh... probably shouldn't)
There is a very large, very profitable company that has a lot of stores in malls. I won't give away too much, but I'll say that they're led by a rich guy named Steve J. No, that's too obvious. S. Jobs.
My company provides the means for the huge, very heavy and quite unwieldy doors that they require for each store. We report to a general contractor, who (just for the storefront, to say nothing about who they deal with for the rest of the store) has to deal with, amongst others, the people who put in the structural steel to hold our doors, the people who put in the flooring and the track system for our door, electricians, yada yada yada.
Very large, very profitable company has frequently decided to change dates and schedules around with very little lead time. Usually it's because of some unnamed cell-phone related product that MUST BE RELEASED A WEEK EARLY. For instance, two weeks before a door system is supposed to be shipped, we'll get a message that they need it a little over a week earlier... I'm not joking, that actually happened.
Now, suppose the structural steel isn't quite in place yet? Suppose our vendors for any outsourced material on the doors has troubles with the new deadline? Suppose this new deadline means everyone has to scramble and rush through the thing? Suppose that's not the best idea when you're trying to secure a door system where each panel weighs upwards of 1200 lbs?
Without ever researching too much about the facts, I can imagine that that is pretty much how the Deepwater Disaster happened. Some corporate bigwig at the parent company says "I want this done, I don't care what it takes. Synergy!", with little to no thought about whether or not it's possible (or safe) to actually do it in the real world. Everyone else bends over backwards, to make the big money people happy so they don't lose any large, long-term contracts, and maybe they don't do their jobs as well as they should as a result.
Everyone's responsible for mistakes that they (or their firm) make as a result of the ensuing clusterfrak, but you can still trace a rather significant chunk of the error to someone who didn't think through the consequences of their actions.
Thankfully, none of our doors have collapsed, endagered entire ecosystems or exposed potentially extinction level Earth-farts, but the parallels are there.
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Re: Gulf Oil Spill 2010
I've about had it with the caterwauling coming out of the talking heads (and therefore, people like Handy) about how much so-and-so person they deem to be evil is making in severance or in a bonus.
You know what? Good for Tony Hayward. The sum total of his life's work, whether through his education, his work experience, or more likely, a solid combination of both, got him to the point where a major multinational corporation would offer him a contract that would include a £11.8 million severance package to entice him to work for them.
If you're a BP stakeholder, like, for instance, a person who owns BP stock, your problem shouldn't be with Tony Heyward if you're upset at the severance pay. It should be with the decision-makers who, from a stockholder's AND hindsight perspective, was a poor hire in the first place.
If you're not a BP stakeholder... your opinion on how much money Tony Heyward made means less than jack****. It's nobody's business how much money he's making or what he's getting after resigning unless you're a stakeholder, but these media outlets report on it breathlessly like it's some scandal that YOU need to be outraged about, and some people fall for it hook, line, and sinker. It's a joke.
I've about had it with the caterwauling coming out of the talking heads (and therefore, people like Handy) about how much so-and-so person they deem to be evil is making in severance or in a bonus.
You know what? Good for Tony Hayward. The sum total of his life's work, whether through his education, his work experience, or more likely, a solid combination of both, got him to the point where a major multinational corporation would offer him a contract that would include a £11.8 million severance package to entice him to work for them.
If you're a BP stakeholder, like, for instance, a person who owns BP stock, your problem shouldn't be with Tony Heyward if you're upset at the severance pay. It should be with the decision-makers who, from a stockholder's AND hindsight perspective, was a poor hire in the first place.
If you're not a BP stakeholder... your opinion on how much money Tony Heyward made means less than jack****. It's nobody's business how much money he's making or what he's getting after resigning unless you're a stakeholder, but these media outlets report on it breathlessly like it's some scandal that YOU need to be outraged about, and some people fall for it hook, line, and sinker. It's a joke.
state of hockey
He fixes the cable?
Re: Gulf Oil Spill 2010
Actually, that was in GBP. It is more like 18.3 million dollars.
Actually, that was in GBP. It is more like 18.3 million dollars.
Handyman
Hug someone you care about...
Re: Gulf Oil Spill 2010
So then your opinion means jack **** too then I suppose?
I never said he was evil, I was just saying he is hardly falling on his sword. He got his contract, good for him. But this BS that he isnt in some way responsible for what happened down there is ridiculous. This isnt about whether he should get his money (I never said anywhere he shouldnt) I just said he is getting it for being at the head of one of the worst ecological disasters in my lifetime.
But hey, keep on thinking you know me so well or what I am thinking. If you dont like the facts, change them
So then your opinion means jack **** too then I suppose?
I never said he was evil, I was just saying he is hardly falling on his sword. He got his contract, good for him. But this BS that he isnt in some way responsible for what happened down there is ridiculous. This isnt about whether he should get his money (I never said anywhere he shouldnt) I just said he is getting it for being at the head of one of the worst ecological disasters in my lifetime.
But hey, keep on thinking you know me so well or what I am thinking. If you dont like the facts, change them
ExileOnDaytonStreet
Drunkard
Re: Gulf Oil Spill 2010
The sad part: I think BP will be doing just fine. They'll probably still make a massive profit this year, even if they had to pay for all of their damages in one lump sum.
The sad part: I think BP will be doing just fine. They'll probably still make a massive profit this year, even if they had to pay for all of their damages in one lump sum.
unofan
Well-known member
Re: Gulf Oil Spill 2010
BP having profits of $1.60/share or so is running it into the ground?
BP having profits of $1.60/share or so is running it into the ground?
ScoobyDoo
NPC
unofan
Well-known member
Re: Gulf Oil Spill 2010
Yeah, but if you think they can't afford to pay for it, you're crazy. Yeah, they might have to borrow against their quadjillion dollars in oil leases to do so, but they can handle it.
Yeah, but if you think they can't afford to pay for it, you're crazy. Yeah, they might have to borrow against their quadjillion dollars in oil leases to do so, but they can handle it.