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

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

Platapus · 07-28-10, 08:23 AM

Quote:

Originally Posted by GoldenRivet

whoa whoa whoa

PER YEAR?

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

Then you probably don't want to hear that his total "compensation" will be about $17,000,000 per year.

It is good to be the CEO of a huge company.

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.

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: 19,377 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	#6
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 __________________

07-26-10, 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.