Bp Board News Today

Black america. good day, im andrea mitchell live in washington. embattled bp executive tony hayward is about to get his life back and his golden parachute. bp board is meeting today and is reportedly planning to replace hayward with mississippi-born robert dudley. john hoffmeister is author of "why we hate the oil companiesc" >> they have learned a certain amount of animosity from the american people. >> will this change at the top which is to be announced and will be negotiated and may be tra...

At the right time. the bp board has today decided that we will not pay any further dividends this year. we made it clear to the president that words are not enough. we understand that we will and we should be judged by our actions. what has been clear today is that this administration and our company are fully aligned in our interest of closing this well, cleaning the beaches and care for those that are affected. finally, i would like to take this opportunity to apologize to the american people....

We will look after the people affected, and well repair the damage to this region, the environmental damage to this region, and to the economy. we are announcing today as you heard from the president, a $20 billion commitment to make sure that all proper claims are handledw swiftly and her to -- are handled swiftly and thoroughly. we also announced an independent adjudicator to insure that the right people will get the right money at the right time. the bp board has today decided that well not p...

And so, you know, look, we all have friends and family who in their retirement where dividends arent just a luxury, it is part of how they pay their bills. and so this is going to be hit for some people who have bp as an investment and wont get dividends. >> the bp chairman said when they asked about whether the company had cut corners which was a part of the allegations from that hearing he says theyre conducting an independent investigation and the bp board would also have its investigation. s...

Background but what does he know about the oil industry and deepwater drilling specifically? >> what he needs to understand is how does government work, how do you regulate complex industries? and thats what hes been very good at. hes come into police departments, he came into the department of justice, again a reformer who understands how government should work on behalf of people in terms of regulating industries so they dont adversely impact our environment and livelihoods. >> the other numbe...