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Before the oil spill took the stock value down. if this was in the united states, he probably would be walking away with tens upon tens of millions of dollars. that s true. and that s where i think the british governance is a much tighter, tougher governance than what we ve seen in the united states. it is a different pay market all together and within different pay markets, of course, there are certain principles, certain standards, certain rules that are followed. while it may get a few headlines, i think it is in the category of a sort of one-day story. right. now of course, he had some famous gaffes that left him appearing i guess by some people s measure less than sensitive about what was going on in the gulf. let s replay if we could this morning some of those greatest hits of tony hayward. this wasn t our accident. this was a drilling rig operated by another company. it was their people, their systems, their processes. we are responsible not for the accident. ....
President of shell oil. do you expect tony hayward will survive the rest of the day with his job? we ll see as the day progresses what the board decides. the papers are certainly covering it as though it is a done deal. the board has to worry about not only its own reputation as a board in terms of the wider business and investor community and so forth, they also have to think about the future. that is really the purpose of the board, is to govern the company under all circumstances but bp has is coming from a pretty difficult past here. to try to put the image out there of a board that s in charge of the destiny of a company is i think what this is all about. what do you think he ll come away with in terms of a golden parachute if he s ousted? we re hearing certain figures, maybe a one-time payment of $1.5 million, an annual pension of $900,000 at the age of 60. i know he has a tremendous amount of money in stock as well. what do you think given the ....
well, i wouldn t consider it a good idea because of all the pain we went through, but we have a safer community. reporter: but for mamaria, t pain is still very real. people should come into my shoes and feel what latino people is feeling. reporter: sandra endo, cnn, prince william county, virginia. it is time for your top stories. bp boss tony hayward could be on his way out today. reports say the company will announce his exit at a blooard meeting in london. bp insisting for the moment at least he is still in charge. clean-up crews and relief workers are back in the waters of the gulf of mexico. the storm this weekend set back operations by about a week. bp is now looking at august 1st as a possible date to attempt a static kill on its damaged well. let the war games begin. the u.s. and south korea conducting joint military exercises in the korea peninsula. the drills involve 20 ships and some 200 aircraft. ....
Final leg started. talk of big changes at bp with ceo tony hayward reportedly on the way out today. what a change at the top could mean for the gulf clean-up effort. compensation for the victims and the safety of its workers. also, talk of a second stimulus, the treasury secretary saying let the bush tax cuts expire. account fragile economy though handle that or could it cost you your job? after the break, you would think a bear would go for something bigger than a compact car. what happens when you leave your lunch in the back seat and the door open? ooh, that s what happens. ....
Little r&r, why not stop by? i said why not. you never say no to the boss. lot to talk about this morning. bp s ceo tony hayward, le make it through the day, this day, with his job intact? several reports that he could be out as soon as this afternoon. bp denies it. we re live in london with the latest. an air and ground search is under way right now south of kabul in afghanistan for two u.s. navy sailors. reports the taliban has killed one of those sailors. we re following the developing story from the pentagon just ahead. frightening sights with deadly results. powerful storms rip across the united states. tornadoes and dangerous floods destroy homes, uproot trees and knock out power to thousands of people. we are live in the extreme weather center just ahead. day 98 of the gulf oil spill. it may be tony hayward s last. the company could announce he s done. during a keyboard meeting in london today. many residents of the gulf coast say his words were salt on an ....