BP CEO navigates environmental and political disaster

05/3/2010 | Washington Post, The

When Tony Hayward took over as CEO of BP three years ago, he reorganized his senior staff, cutting their numbers from 650 to 490, and struck lucrative deals in Russia, Iraq and the Gulf of Mexico. Things were looking up for BP, with its latest financial report exceeding analysts' expectations. For the last 12 days, however, Hayward has been struggling to manage a growing environmental disaster from a massive oil spill in the Gulf -- a disaster that is costing BP at least $6 million a day in containment efforts, hurting the company's public image and endangering the future of offshore drilling in the area.

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