Losses and Progress
BP is making progress. The new CEO is American and the old one leaves only with his contractual dues based on nearly thirty years service and not some lavish pay off. However its assumption that it will not be considered grossly negligent may prove optimistic. Neither is there any certainty on what the size of the final compensation payout to what the Chairman calls the small people will eventually be, especially if voracious lawyers put in big claims.
Nevertheless things look better organised and with the halting of the oil flow a calmer atmoshphere prevails. At least there is an end in sight. Chapter 11 is no longer in view but what shape BP will be when all is done and dusted and how much it will be worth is far from clear.
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