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Yashi

Sunday, June 6, 2010

BP chief Tony Hayward sold shares weeks before oil spill - Telegraph



Amazing story from the Telegraph of London. For you conspiracy theorists and the 98% of the population that now have an unflattering view of BP - to say the least, this is yet another unbelievable twist in this unbelievably sad, sad story that it unfolding 24/7 before our eyes!


Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent. About £40 billion has been wiped off its total value. The fall has caused pain not just for BP shareholders, but also for millions of company pension funds and small investors who have money held in tracker funds.
The spill, which has still not been stemmed, has caused a serious environmental crisis and is estimated to cost BP up to £40 billion to clean up.
There was growing confidence yesterday that a new cap placed over the well was stemming the oil flow. An estimated three million litres a day had been pouring into the sea off the coast of Louisiana since the April 20 explosion, damaging marine life.
The crisis has enraged US politicians, with President Obama yesterday forced to cancel a trip to Indonesia amid a row over the White House’s response.
Mr Hayward, whose position is thought to be under threat, risked further fury by continuing plans to pay out a dividend to investors next month.


Originally published: BP chief Tony Hayward sold shares weeks before oil spill - Telegraph

David






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Librarians Do Gaga At The University Of Washington (VIDEO) ... Awkward Or Amazing?



Hey, hats off to them! Knowing how viral these kind of things become, watch their iSchool and Library program get a whole lot of social and traditional media attention, and in a year or two, I'd bet their numbers of applicants and majors will be up - simply based on this video! Amazing example of how to market your college and your programs on the cheap in these lean budgetary times - we should all take note in "Ivory Tower Land."




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BP Ads BACKFIRES, Spur Criticism, Not Sympathy (VIDEO)



The only PR in the world that anyone would listen to at this point in the oil spill crisis from BP is that they have capped the well and there's no more oil coming out - none. Then, fix your mess and make people whole. All the language about "legitimate claims" scares the heck out of all of us in Louisiana and all along the Gulf Coast. Remember, it took two decades to settle the claims from the Exxon Valdez!

Read the Article at HuffingtonPost



No more dollars for TV commercials, online ads, and full-page newspaper ad pages. Shift your PR budget - and all the billions you have - to making things as right as they can be after you broke the ocean and the marshes!


David http://wyld-business.blogspot.com/




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A Dual-Screen Netbook!: The Coolest Device I've Seen in a Long Time (Yes, Including the iPad)




This looks like it will be huge! Check out the link from Endgadget and see the new Onkyo Dual-Screen Netbook. Yes, 1 netbook, with dual 10.5 inch screens that fold-out from it! How cool for us multi-taskers (and who isn't these days!). And, it folds another way to form a Tablet PC!

http://www.engadget.com/2010/06/06/onkyo-dx1007a5b-dualscreen-netbook-preview/

Here's a YouTube video looking at the Onkyo netbook at Computex:



Sorry Steve, this looks better than the iPad!



Anybody at Onkyo who might read this and needs a beta-tester or a reviewer - sign me up yesterday! Contact me at dwyld.kwu@gmail.com - yes, a shameless grovel for a new tech toy! Hey, I'm in Louisiana - give us (me) a break!

David
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Yashi

Chitika