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Maritime news: BP CEO Hayward goes yachting at posh JP Morgan race, while partner in damaged oil well jumps ship, says “BP’s behavior and actions likely represent gross negligence or willful misconduct.”

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"Maritime news: BP CEO Hayward goes yachting at posh JP Morgan race, while partner in damaged oil well jumps ship, says “BP’s behavior and actions likely represent gross negligence or willful misconduct.”"

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AP:  BP Chief Executive Tony Hayward, centre, sits aboard his yacht Bob, during the JP Morgan Asset Management Round the Island Race, Saturday June 19, 2010.

The most out-of-touch CEO on the planet, BP CEO Tony Hayward got his “life back” for a day at “glitzy yacht race.”  Some reports said he merely attended the event, but AP reports (with photo above) that he was aship while his company — and its oil — runs aground.

Why oh why hasn’t Hayward been fired yet???  I suppose it’s because the guy who could fire him, Board Chair Carl-Henric “We care about the small people” Svanberg is equally tone deaf.

While Hayward was yachting, BP’s “main partner in the damaged exploration well,” Anadarko Petroleum, was fleeing BP like … well, like the kind of creatures who are known to flee a sinking ship.  In a damning statement, chief executive, Jim Hackett said:

The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP’s reckless decisions and actions. Frankly, we are shocked by the publicly available information that has been disclosed in recent investigations and during this week’s testimony that, among other things, indicates BP operated unsafely and failed to monitor and react to several critical warning signs during the drilling of the Macondo well. BP’s behavior and actions likely represent gross negligence or willful misconduct and thus affect the obligations of the parties under the operating agreement.

Is there no honor among oil companies?  Not when real money is at stake, as the WashPost reports today:

Hackett’s comments have huge financial implications. As a 25 percent partner in the well, Anadarko would ordinarily be responsible for a quarter of all cleanup and damage costs. But, Hackett said, “BP’s behavior and actions likely represent gross negligence or willful misconduct and thus affect the obligations of the parties under the operating agreement.” He said Anadarko would donate to charity and civic groups any proceeds it receives from the sale of oil collected during the cleanup.

What a guy!  Looks like there’s one oil company CEO talking to public relations experts.

It seems increasingly likely that BP will be found guilty of gross negligence or worse:

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27 Responses to Maritime news: BP CEO Hayward goes yachting at posh JP Morgan race, while partner in damaged oil well jumps ship, says “BP’s behavior and actions likely represent gross negligence or willful misconduct.”

  1. prokaryote says:

    BP restarts drillship system after 10-hour lapse
    http://www.reuters.com/article/idUSTRE65I1JU20100619?type=domesticNews

    BP Tries to Clarify Who Is in Charge
    BP officials on Saturday scrambled to say that Tony Hayward, their embattled chief executive, is still in charge of all BP operations in spite of comments from the company’s chairman on Friday that indicated Mr. Hayward was relinquishing his duties in the Gulf of Mexico.
    http://www.nytimes.com/2010/06/20/us/20spill.html

  2. prokaryote says:

    This from above article

    “It appeared to be another public relations misstep when the media learned that Mr. Hayward had attended the J.P. Morgan Asset Management Round the Island Race yacht race around the Isle of Wight, one of the largest single-day races in the world. His yacht finished fourth in a class of 45 others.”

    Wiki

    As one of four sailing clubs on Mobile Bay, BucYC hosts the Dauphin Island Race once every four years. This is “arguably the largest single day point to point sail race in the U.S.A.” with over 300 boats and 1000 crewmembers. In 2007 it hosted the 87th annual Sir Thomas Lipton Inter-Club Challenge sailboat race, an Olympic style GYA racing event for sailors of Flying Scot dinghys.
    http://en.wikipedia.org/wiki/Buccaneer_Yacht_Club

    lol the irony.

  3. Cho Wong says:

    This is great. wind powered sports. Sailing is using the wind. Obama plays a lot of golf and flies his planes and limos to the golf courses.

  4. Peter Mizla says:

    So goes life in the fast lane.

  5. PeterW says:

    “It seems increasingly likely that BP will be found guilty of gross negligence or worse”

    Joe don’t you think BP will be able to game the justice system the way Exxon did? Wouldn’t this ultimately end up in the very corporate friendly Supreme Court?

  6. villabolo says:

    “. . . gross negligence or willful misconduct . . .”

    As I once said, Hayward and company are clinically psychopathic in the clinical sense of the word.

    1. Glibness/superficial charm
    2. Grandiose sense of self-worth
    3. Pathological lying
    4. Cunning/manipulative
    5. Lack of remorse or guilt
    6. Emotionally shallow
    7. Callous/lack of empathy
    8. Failure to accept responsibility for own actions

    http://en.wikipedia.org/wiki/Psychopathy

  7. ScruffyDan says:

    There are plenty of legitimate things to criticize Tony Hayward abut. But this isn’t one of them

  8. Bill Waterhouse says:

    love the irony of it being the “Asset Management” race, but hard to laugh knowing of the destruction in the Gulf

  9. BP’s former chief scientist Koonin now Obama’s man for energy science, promotes geo-engineering against climate change: http://bit.ly/BPgeo

  10. Tim L. says:

    Perhaps Tony Wayward might do less harm by simply yachting. Leave the oil mess to the grown-ups.

  11. JasonW says:

    #5: Why of course! And I saw some exclusive footage of Hayward driving to the race in his Prius. The president, what a hypocrit! *snort*

    Seriously, what on EARTH is the name ‘Obama’ doing in this thread?

  12. Richard Brenne says:

    Hayward couldn’t act like he cares for two months?

    Hayward, Blankenship, Inhofe and the rest should get to sail all they want on the Gulf oil burns. Maybe that’s penciled into their afterlife daytimers. . .

  13. robhon says:

    I swear, Hayward is a three legged dog in the middle of a 12 lane highway.

  14. James Harper says:

    Hayward doesn’t get why people are mad at him for his fun. I mean, heck, doesn’t everybody usually take their yacht out on the water for fun every few weekends or so? Why should he be held responsible for the actions of his trained minions, and who cares if a little water gets murky and a few birds die? He just wants his life back. Can’t you see that? Can’t you see how you’re HURTING him and his wonderful life? It’s not like he isn’t better than you. Why does god hate Tony?

  15. Charles says:

    Certainly the guy deserves some down time; it has been tough for him. As one news commenter put it: go for a barbecue, take the kids out for some fun, relax at home and have a good dollop of private time, sleep in. But going out yachting at a glitzy event like this where you’re likely going to be noticed? Just dumb and insensitive. The optics couldn’t be worse: he plays on his $700,000 yacht while people in the Louisiana fishing industry can’t take their boats out to make a living.

  16. jeez says:

    Hmmm..not mention that the President and Vice President were off golf this weekend as well?

    [JR: Uhh, that would be comparing elephants to apples.]

  17. mark says:

    There’s something familiar sounding, something about that name “Tony”, that I don’t like at all.

  18. james says:

    There is Serious Karma hanging over Hayward’s
    head.

  19. Propagandee says:

    New Headline:

    BP CEO paid $11k to Watch His Own Yacht Race.

    Film at 11:00.

  20. Troy says:

    This says it all “I Want to Live Like Common People” BP and the Great PR Divide” http://blogs.hbr.org/watkins/2010/06/i_want_to_live_like_common_peo.html

  21. prokaryote says:

    The latest suggestion comes from Nick Pozzi, a former pipeline engineering and operations manager for Saudi Aramco, is seek help from Saudi Arabia.

    Pozzi says the oil-rich nation contained a similar oil leak in the Persian Gulf in 1993 using super tankers, after an accident spilled millions of litres of crude oil.

    The former Aramco engineer says he was on the team that developed a plan to remove the crude using Saudi-owned super tankers, which he says have the ability to suck or discharge, “so they can pump or suck.”

    “What we could [what amounts of oil we could extract] we ran through a centrifuge to separate the oil from the water. We put the water back in the Gulf, because we want to get the oil out first, get it out of the water.”

    Pozzi says the operation cleaned up 85 per cent of the total oil spilled.
    http://www.domain-b.com/companies/companies_b/British_Petroleum/20100619_aramco_engineer.html

  22. Abe says:

    He got pulled off the Gulf problem, and this is something he does every year. If you want to criticize his lifestyle, which has always been (it could be argued) at the expense of others, that’s one thing, but what exactly could he be doing instead right now?

    Sure, it makes it obvious that he’s not suffering too much from this disaster, but we knew that already. There’s nothing he can do to plug the hole or effect the cleanup since he was pulled out (short of putting a few million of pocket money to work), so why NOT go to a yacht race.

    It’s like Spock said: “if crew morale is better served by my roaming the halls weeping…” it’s not a great PR move, but that’s not his job anymore.

  23. catman306 says:

    Tony Hayward reminds me of Eddie Haskell. I don’t know why except I never liked that character.