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Posts tagged ‘BP’
- 08 Jun 2010 at 3:02 PM
- 07 Jun 2010 at 12:50 PM
As much damage as has been done to BP—its market cap slashed by more than a third, its image decimated, its executives shown to be rich bumblers—you could pretty easily argue it’s only gotten a fraction of the pain it deserves. It hasn’t even been able to stop the flow of oil, let alone begin the long process of the remediating the gulf region it’s destroyed, yet somehow the force of public condemnation doesn’t seem strong enough. In amoral fashion, financial types are already discussing whether BP stock is now cheap enough to be a smart buy, and this Reuters story provides a tally of the consumer opposition to the company. It’s a rather gloomy accounting unless you’re roused by a handful of Facebook groups that add up to tens of thousands of people.
Which is why we need to get all Betty White on BP’s ass.