As President Obama promised BP's $20-billion compensation fund was just the beginning, Gulf residents might have been reassured, but BP’s stock has nearly halved in value since the accident.
It’s reportedly going to raise $50-billion to pay for all the damages. It’s against this backdrop that the company’s CEO Tony Hayward, now removed from direct supervision of Gulf clean-up operations after his painful performances in front of Congress and cameras, is said to be planning to travel to Russia to reassure President Dmitry Medvedev that BP is not on the brink of collapse.
Marco Werman speaks with Ian Bremmer, President of Eurasia Group, a political risk research company, and author of “End of the Free Market.”
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| Audio Embed: BBC, PRI & WGBH's The World, 06/21/10 | |
Videos: MSNBC
Funny... I always thought the real shakedown was guys like Mr. Barton soliciting campaign funding from the industries they regulate.
Earthquake, tsunami,
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