Hayward, the good looking BP CEO, failed absolutely. I think the accident that caused the death of eleven BP workers in the Gulf was avoidable, as BP is known for its lax occupational safety. The interminable bungling and technical incapability demonstrated is bad, but the CEO's testimony in the Congress was a total disaster. "I dont know" - something a CEO should never say - was repeated 66 times (!), convincing me that BP was led by an idiot.
In his testimony yesterday, Hayward not only failed to convince lawmakers he was committed to making BP safer, he may have deepened suspicion of the company by repeatedly pleading ignorance to events that took place under his command. Mr. Hayward’s comments today, saying ‘I don’t know’ 66 times, evaporated any feeling of responsibility,” Eventoff said. “Any goodwill that the company bought back yesterday eroded today with his testimony.”BP had lost half of its worth and thousands of Britain's small investors and retirees have been hurt.