Yacht Race Is Final Straw for BP’s Tony Hayward

Tony Haywards YachtAccording to the Associated Press:

The BP CEO is attending a yacht race off the Isle of Wight in southern England today, a company spokeswoman said.

Sheila Williams says Hayward took time off his duties handling the oil spill catastrophe in the Gulf of Mexico to see his boat “Bob” participate in the J.P. Morgan Asset Management Round the Island Race on Saturday.

If this report is true, Hayward must go. Earlier in the week, I criticized the House hearings as political theater. I thought that Hayward was reluctant to answer many questions because of the criminal investigation announced by Attorney General Holder.  Even if set up for a public relations fall, Hayward was at least rational to try protect himself from criminal liability.

But going to the boat race is not rational. It’s beyond stupid. While commercial fisherman and shrimpers in the Gulf are idled as their livelihoods disappear, Hayward frolics with the idle rich off the Isle of Wight.

It doesn’t matter if Hayward has been removed from day-to-day oversight of spill operations, or not. He is still BP CEO.

Related:

CNBC: Flaherty Criticizes House BP Hearings

Obama Failing Leadership Test on BP Oil Disaster

CNBC: Flaherty Says BP Escrow Fund is Political Posturing

CNBC: Flaherty Slams Obama, Pelosi on BP Response

CNBC: Flaherty Rips Congressional Calls to End BP Dividend

Suspending BP Dividend Dumb Idea

Radical Group Seeks Federal Seizure of BP Assets

Beyond Pathetic