BP Dividends Forthcoming

tony hayward Tony Hayward is a 53 year-old with no visible gray hair and is CEO of the corporation once known as the Anglo-Persian Oil Company, which turned its first owner’s primitive accumulation of stolen Australian gold into a half century of stealing Iranian oil, capped by advocating the U.S. overthrow of the democratically-elected secular-democrat Iranian Prime Minister, Mohammed Mossadegh.  Tony would just like his life back.  He feels quite put out these days, it seems.  The champagne on the corporate jet just doesn’t have the same sparkle it should.

The proper British word for Hayward is, I believe, git.

But, as always, the system is larger and more imposing than the gits it attracts to run it.  As Chomsky always says:

The chairman of the board will always tell you that he spends his every waking hour laboring so that people will get the best possible products at the cheapest possible price and work in the best possible conditions. But it’s an institutional fact, independent of who the chairman of the board is, that he’d better be trying to maximize profit and market share, and if he doesn’t do that, he’s not going to be chairman of the board any more. If he were ever to succumb to the delusions he expresses, he’d be out.

Hence, the news that BP is planning to proceed with its normal dividend payout.  $10,000,000,000.