BP may have sent its disgraced CEO packing to Russia, but the oil giant softened the blow, giving its bumbling executive $1.6 million for his troubles.
Meanwhile, BP announced Tuesday that its second-quarter losses of $17 billion were the company’s worst ever. BP said the more than $32 billion it set aside to cover the costs of its massive oil spill in the Gulf of Mexico led to its horrific quarterly earnings report.
Click here to read more
Click here to view photos:
BP CEO Tony Hayward Poised To Resign
Tropical Storm May Threaten BP Oil Cap