UPDATE: The latest from these pathological liars
So their stock is down big time.
That’s what it’s going to take. The corporation’s obligation to its stockholders is to make them a profit. Therefore, the obvious consequence needs to be: if you do this kind of thing, you will make a loss. That will actually work to keep the pressure on.
Even in Big Oil, the profit margin is not that impressive — for BP, about 8% of sales (massive salaries are counted as expenses, not as corporate profits). If they had to clean up every mess they made, they would lose money.
Now for the news, thanks Michele at the North Pole for sending this in:
Gulf oil spill relatively ‘tiny’: BP boss
LONDON (AFP) – BP chief executive Tony Hayward claims that the Gulf of Mexico oil spill is relatively ‘tiny’ but admits that his job is at risk over the incident blamed on his company.