Here’s hoping that parachute can float with all that gold attached.
According to a report in the Times of London, BP’s embattled CEO will get a package worth some $18 million to walk away from the company. The figure, a combination of pay and pension, comes from Hayward giving up 546,000 share options and at most 2 million shares of BP stock.
A BP spokesman denied the figure — or that Hayward was even leaving — telling Reuters that Hayward had “the full support of the board.” Sources inside the company have been telling press outlets Hayward will be replaced as BP CEO by Bob Dudley, an American, possibly as soon as today. (via Reuters)