BP chooses Dudley, an American, to turn its fortunes around

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: BP’s new chief executive, Robert Dudley, is an industry veteran with wide-ranging qualifications, but it was his American passport as much as his in-depth knowledge of Russia and his green credentials that sealed the deal for the board.

Source:  Marketwatch.com

Date: 07/27/2010

Link: http://www.marketwatch.com/story/bp-appoints-robert-dudley-as-new-ceo-2010-07-27?siteid=nwtwk
 
Questions for discussion:

  • Why do you suppose a new chief executive was chosen?
  • Do you agree with the claim that Robert Dudley was chosen as much for his passport as for his other credentials?
  • Do you think this decision will make any difference in the public perception of BP?
  • What other steps would you recommend to BP to help mend fences in the US and globally?
  • Do you think BP will financially recover from this experience?
  • Would you be a buyer or seller of BP shares?

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