Comment

BP's Hayward Rejects Rep. Joe Barton's Apology for Obama's 'Shakedown'

27
JohninLondon6/17/2010 1:04:08 pm PDT

re: #23 webevintage

Because the company name is NOT British Petroleum. It is a mix of companies, with far more US employees than British, and about the same proportion of US stockholders as British. Obama should never have kept calling the company “British” and not expect to be accused of anti-British sentiment.

Don’t you read the press ?

It happens that pension funds here are more exposed to BP than pension funds in the US. The BP story has been headlines here for weeks. Most people are impressed that BP should immediately waive the legal limit on compensation - but are not impressed that Obama seems to be muscling the company management into decisions that affect all stockholders, abrupt decisions usually end up wrong.

The pile-on in the Congressional hearing is revealing nothing new, just a load more political bluster.