According 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.
Earlier today
The explosion and spill from a BP deepwater drilling rig in the Gulf of Mexico has generated justifiable anger across the nation and especially in the affected coastal region. It's also generated popular backlash, one manifestation of which is an increasingly loud call for confiscating company assets. The front line of this campaign is an ad hoc group, "Seize BP," which organized anti-BP rallies in cities across America last week. The group's mission is as simple as its name: Persuade the Obama administration to seize assets of the British-based oil company and use the proceeds for compensating victims and family members for loss of life, health, and property values. Such action, however, far from delivering justice, would make a bad situation worse.
