BP boss Hayward to get immediate £600,000 pension

Gerald · 07-26-10, 04:38 PM

BP chief executive Tony Hayward will get an immediate annual pension worth about £600,000 ($930,000) when he leaves in October, the BBC has learned.

http://www.bbc.co.uk/news/business-10434908

GoldenRivet · 07-26-10, 04:41 PM

Fair enough... He has done the job for a few years now and been with BP for what 15 years?

yes there was a major flub in the end, but He's out... I hardly think it is worth stripping the man of his pension over. just my opinion though.

EDIT:

where corporate pensions are concerned... its really not that much.

07-26-10, 05:40 PM

It doesn't come out of my taxes.
I am not a stockholder.

Therefore, I have no comment.

Platapus · 07-26-10, 07:58 PM

Wish I could be in a position to scrimp by on $900,000 per year pension.

Sigh

Sailor Steve · 07-26-10, 08:00 PM

Quote:

Originally Posted by Snestorm

It doesn't come out of my taxes.
I am not a stockholder.

Therefore, I have no comment.

But that itself is a comment.

And a good one.

GoldenRivet · 07-27-10, 12:33 AM

Quote:

Originally Posted by Platapus

Wish I could be in a position to scrimp by on $900,000 per year pension.

Sigh

whoa whoa whoa

PER YEAR?

i didnt catch that... i was thinking ONE lump sum

HunterICX · 07-27-10, 03:32 AM

Such people should be shot, thieves is what they are nothing more.

the last thing they did in their carreer is win that money fair and square.

HunterICX

Schroeder · 07-27-10, 04:10 AM

HunterICX is a communist!!!!

@Snestorm
You are paying for it every time you refill your car at a BP station (or any gas station for that matter, as each and every large company has it's high rank "pensioners").

Castout · 07-27-10, 04:13 AM

Just that much eh? It's very little imo for a big oil company boss.
He could do with at least 5 times that amount

XabbaRus · 07-27-10, 04:49 AM

He's been withBP for 28 years.

He has been made the scapegoat, I have no problem with him getting his pension and lump sum.

Jimbuna · 07-27-10, 04:55 AM

Quote:

Originally Posted by XabbaRus

He's been withBP for 28 years.

He has been made the scapegoat, I have no problem with him getting his pension and lump sum.

Ditto.....even if it is that much more than I got for fifteen years.

I wonder if he'd mind swapping pensions with me

Oberon · 07-27-10, 05:27 AM

In other news, all BP stations in London are closed by Greenpeace activists:

http://www.bbc.co.uk/news/uk-england-london-10771805

07-27-10, 05:51 AM

I feel quite sorry for him. He was made a scapegoat for the entire mess! Granted, as the big chief of BP he had to take some responsibility. Yes it is a huge sum of money, but after such a long service to the company I'd say he deserved it. And to be fair, compared to the billions BP make each year, it's just pocket change!

Sailor Steve · 07-27-10, 09:39 AM

Quote:

Originally Posted by HunterICX

Such people should be shot, thieves is what they are nothing more.

the last thing they did in their carreer is win that money fair and square.

Why is that your decision to make? Or mine? The Board of Directors awards the pension they think the man deserves, and their opinion is the only one who counts. Thieves? The only people he could have stolen from is the stockholders of his company. If they think he's a thief, they can do something about it.

Herr-Berbunch · 07-27-10, 09:43 AM

He's been made a scapegoat and I see no reason why he shouldn't get what he is contractuallly obliged to. 28 years in the same company, working his way up I'd rather he got this pension than the bunch of bankers that screwed up the world's economies getting theirs!

Nice to see some people on here agreeing, and not being sucked into the Hayward/'British' Petroleum -hating media stir.

Just a couple of final facts - BP is majority owned by JPMorgan Chase - American, vessel owned by Transocean - (was Norwegian but bought by American company, but now HQ'd in Switzerland (with a staff of only 12 based there) to save lots of money, vessel operated by Halliburton staff - American. It's only the 'B' in BP that means they are escaping any flak in the US community, despite their intricate involvment and histories.

Sorry to our American cousins for my rant, we know it's just the media/government

07-26-10, 04:38 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	BP boss Hayward to get immediate £600,000 pension BP chief executive Tony Hayward will get an immediate annual pension worth about £600,000 ($930,000) when he leaves in October, the BBC has learned. http://www.bbc.co.uk/news/business-10434908 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

07-26-10, 04:41 PM	#2
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	Fair enough... He has done the job for a few years now and been with BP for what 15 years? yes there was a major flub in the end, but He's out... I hardly think it is worth stripping the man of his pension over. just my opinion though. EDIT: where corporate pensions are concerned... its really not that much. __________________

07-26-10, 07:58 PM	#4
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,361 Downloads: 63 Uploads: 0	Wish I could be in a position to scrimp by on $900,000 per year pension. Sigh __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

07-27-10, 03:32 AM	#7
HunterICX Rear Admiral Join Date: May 2006 Location: Malaga, España Posts: 10,750 Downloads: 8 Uploads: 0	Such people should be shot, thieves is what they are nothing more. the last thing they did in their carreer is win that money fair and square. HunterICX __________________

07-27-10, 04:10 AM	#8
Schroeder Navy Seal Join Date: Apr 2008 Location: Banana Republic of Germany Posts: 6,170 Downloads: 62 Uploads: 0	HunterICX is a communist!!!! @Snestorm You are paying for it every time you refill your car at a BP station (or any gas station for that matter, as each and every large company has it's high rank "pensioners"). __________________ Putting Germ back into Germany.

07-26-10, 05:40 PM	#3
Snestorm Stowaway Posts: n/a Downloads: Uploads:	It doesn't come out of my taxes. I am not a stockholder. Therefore, I have no comment.

07-27-10, 04:13 AM	#9
Castout Silent Hunter Join Date: Nov 2006 Location: Jakarta Posts: 4,794 Downloads: 89 Uploads: 6	Just that much eh? It's very little imo for a big oil company boss. He could do with at least 5 times that amount __________________ My blog: http://exposingsingapore.wordpress.com/

07-27-10, 04:49 AM	#10
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	He's been withBP for 28 years. He has been made the scapegoat, I have no problem with him getting his pension and lump sum. __________________

07-27-10, 05:27 AM	#12
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	In other news, all BP stations in London are closed by Greenpeace activists: http://www.bbc.co.uk/news/uk-england-london-10771805

07-27-10, 05:51 AM	#13
severniae Stowaway Posts: n/a Downloads: Uploads:	I feel quite sorry for him. He was made a scapegoat for the entire mess! Granted, as the big chief of BP he had to take some responsibility. Yes it is a huge sum of money, but after such a long service to the company I'd say he deserved it. And to be fair, compared to the billions BP make each year, it's just pocket change!

07-27-10, 09:43 AM	#15
Herr-Berbunch Kaiser Bill's batman Join Date: May 2010 Location: AN72 Posts: 13,203 Downloads: 76 Uploads: 0	He's been made a scapegoat and I see no reason why he shouldn't get what he is contractuallly obliged to. 28 years in the same company, working his way up I'd rather he got this pension than the bunch of bankers that screwed up the world's economies getting theirs! Nice to see some people on here agreeing, and not being sucked into the Hayward/'British' Petroleum -hating media stir. Just a couple of final facts - BP is majority owned by JPMorgan Chase - American, vessel owned by Transocean - (was Norwegian but bought by American company, but now HQ'd in Switzerland (with a staff of only 12 based there) to save lots of money, vessel operated by Halliburton staff - American. It's only the 'B' in BP that means they are escaping any flak in the US community, despite their intricate involvment and histories. Sorry to our American cousins for my rant, we know it's just the media/government __________________