given that b.p. is now skating on very thin ice. his move to the top job at b.p. on january 1st this year was not great timing. even worst timing, perhaps, was his speech to shareholders at a meeting in london on april 15th in which he said b.p. needed to make sure that risks are well identified, properly assessed and well managed. it was five days after that that b.p. s deepwater horizon rig exploded after being anything but well managed according to many experts. since then, svanberg whose salary is $1.1 million has given one interview that we re aware of to a swedish newspaper saying as his c.e.o. tony hayward repeatedly has that b.p. has done everything in our power to stop the flow. mr. svanberg did face the press as he left the white house today. i would like to take this opportunity to apologize to the
president obama said last week he was looking for some answers. so he knows whose ass to kick. today, his foot landed on a target and dislodged $20 billion. the president meeting face to face at the white house with b.p. executives. their first get-together since the explosion that killed 11 workers and unleashed the disaster. not just the c.e.o., tony hayward but his boss, chairman of the board. chairman says b.p. will not pay anymore dividends to shareholders this weekend and that it will put $20 billion into an independent account for the victims of this spill. i hear that large oil companies are greedy companies or don t care. but that is not the case in b.p. we care about the small people. president obama stressing the $20 billion is just a start, not
processes for individuals and businesses hurting right now. the controversial b.p. c.e.o. tony hayward reportedly plans to tell congress he is personally devastated by the oil spill. he s said a lot thus far. the associated press has obtained a copy of tony hayward s prepared statement ahead of his appearance at a congressional hearing tomorrow. in that testimony, tony hayward is to discuss april s explosion and oil rig sinking saying they never should have happened. and that he is deeply sorry that they did. and he adds, my sadness has only grown as the disaster continues. tomorrow s showdown should be pretty action packed given hayward history of making comments about how he wants his life back and how he expects this disaster, the environmental impact to be modest. in the words of a committee chair, bart stupak, i expect him to be sliced and diced. we ll have live coverage here on fox newschannel. hearing kicks off 10:00 eastern time to 9:00 in the gulf south
money from b.p. behind its banks, its employees and other creditors. in fact, a legal advisor to b.p. suggesting tonight that avoiding bankruptcy for b.p. is one reason why the white house and the company cut a deal on that $20 billion claims fund and why the president talked up b.p. today. b.p. is a strong and viable company. and it is in all of our interests that it remain so. so what this is about is accountability. at the end of the day, that s what every american wants and expects. this legal advisor, shep, says the white house gets it. so what is b.p. s financial situation? can you quantify it or qualify it now? yeah, yeah. listen, the company has $240 billion in assets and earned nearly $17 billion in profits last year and likely can handle paying out that $20 billion in claims along with billions in cleanup costs.
look at what else got caught on tape. as one witness put it, the crowd went bonkers and cops say they had to cancel a concert before the big stars could take the stage. big stars, we ll tell you who, plus he says he cares about the small people. but b.p. s chairman is apparently not one of the small people. he s in the cube tonight, nothing small in the cube. who is he? where s he been for the last 58 days? and have you been to foxnews.com lately? if you haven t been to foxnews.com lately, you haven t been to foxnews.com. newly redesigned, easier to navigate. thousands more stories. it s a great spot for your news, fair and balanced. click on the on-air link upper right and you can scroll through our entire programming line-up. that s new and improved at foxnews.com.