>>throw in the stock holders
not to put too fine a point on it, but the stock holders are already "in" - 100%
along with all the other creditors. when BP files bankruptcy the only people who will come out with any money are the million dollar executives (who are by default responsible for the mess - they take their millions walk away) and the lawyers - who get paid to sort out the mess.
The current CEO of BP gets 1 million+ in salary and 2 million+ in bonus. personally I don't think he's earned his keep.
his predecessor, who had the watch when this stuff started:
"BP said in its annual report Browne's total pay package for the year was 4.57 million pounds, down 28 per cent, compared to 6.36 million pounds he drew in 2005. His salary component had, however, risen 5.5 per cent, to 1.53 million pounds, from 1.45 million pounds.
Browne is to step down from the position in July. "
he resigned after lying under oath and misusing corporate assets assisting his partner to set up a business. another fine business ethics school graduate.
these are the people who are supposed to have "vision" - like asking the obvious question "What happens if..." - neither of them did - but I'd bet on any given day they can tell you how much heir stock options are worth.
not to put too fine a point on it, but the stock holders are already "in" - 100%
along with all the other creditors. when BP files bankruptcy the only people who will come out with any money are the million dollar executives (who are by default responsible for the mess - they take their millions walk away) and the lawyers - who get paid to sort out the mess.
The current CEO of BP gets 1 million+ in salary and 2 million+ in bonus. personally I don't think he's earned his keep.
his predecessor, who had the watch when this stuff started:
"BP said in its annual report Browne's total pay package for the year was 4.57 million pounds, down 28 per cent, compared to 6.36 million pounds he drew in 2005. His salary component had, however, risen 5.5 per cent, to 1.53 million pounds, from 1.45 million pounds.
Browne is to step down from the position in July. "
he resigned after lying under oath and misusing corporate assets assisting his partner to set up a business. another fine business ethics school graduate.
these are the people who are supposed to have "vision" - like asking the obvious question "What happens if..." - neither of them did - but I'd bet on any given day they can tell you how much heir stock options are worth.
jglass wrote:
:mad: