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	<title>BU Now &#187; Tony Hayward</title>
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		<title>BP CEO hit at Congressional hearing</title>
		<link>http://blogs.bu.edu/bunow/2010/06/17/bp-ceo-hit-at-congressional-hearing/</link>
		<comments>http://blogs.bu.edu/bunow/2010/06/17/bp-ceo-hit-at-congressional-hearing/#comments</comments>
		<pubDate>Thu, 17 Jun 2010 22:04:07 +0000</pubDate>
		<dc:creator>Dick Taffe</dc:creator>
				<category><![CDATA[Professor Voices]]></category>
		<category><![CDATA[April 2010]]></category>
		<category><![CDATA[Boston University]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[Business and Politics]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Deepwater Horizon]]></category>
		<category><![CDATA[Graham Wilson]]></category>
		<category><![CDATA[Gulf coast]]></category>
		<category><![CDATA[Gulf of Mexico]]></category>
		<category><![CDATA[oil spill]]></category>
		<category><![CDATA[Political Science]]></category>
		<category><![CDATA[Tony Hayward]]></category>
		<category><![CDATA[Transocean]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/bunow/?p=6003</guid>
		<description><![CDATA[Members of Congress came down hard on BP CEO Tony Hayward (r.) as he testified about the Deepwater Horizon oil spill.  But political science Professor Graham Wilson, author of &#8220;Business and Politics,&#8221; wondered why the spotlight over American&#8217;s worst-ever spill hasn&#8217;t shone on Transocean, BP&#8217;s partner in the Gulf of Mexico oil rig that exploded in [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-thumbnail wp-image-6012" src="http://blogs.bu.edu/bunow/files/2010/06/BP-CEO-Tony-Hayward2-150x150.jpg" alt="BP CEO Tony Hayward" width="120" height="120" />Members of <a href="http://www.congress.org/">Congress</a> came down <a title="hard" href="http://www.reuters.com/article/idUSN1416392020100617" target="_blank">hard</a> on <a href="http://www.bp.com">BP</a> CEO <a href="http://people.forbes.com/profile/a-b-tony-hayward/13022">Tony Hayward</a> (r.) as he testified about the Deepwater Horizon oil spill.  But <a href="http://www.bu.edu/polisci/">political science</a> Professor <a title="Graham Wilson" href="http://www.bu.edu/polisci/people/faculty/professorgrahamwilson/" target="_blank">Graham Wilson</a>, author of &#8220;<em><a title="Business and Politics" href="http://www.amazon.com/Business-Politics-Comparative-Introduction-3rd/dp/1889119881" target="_self">Business and Politics</a></em>,&#8221; wondered why the spotlight over American&#8217;s worst-ever spill hasn&#8217;t shone on Transocean, BP&#8217;s partner in the <a href="http://www.gulfbase.org/facts.php">Gulf of Mexico </a>oil rig that exploded in April.</p>
<p><em>“How did Transocean get off the hook so easily?  Aren’t they people who were drilling the well with MMS approval and weren’t they ones saying the rig was needed to quickly to drill another well?” </em></p>
<p>Contact Graham Wilson, 617-353-2540, <a href="mailto:gkwilson@bu.edu">gkwilson@bu.edu</a></p>
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		<title>BP faces Congress</title>
		<link>http://blogs.bu.edu/bunow/2010/06/15/bp-faces-congress/</link>
		<comments>http://blogs.bu.edu/bunow/2010/06/15/bp-faces-congress/#comments</comments>
		<pubDate>Tue, 15 Jun 2010 16:16:56 +0000</pubDate>
		<dc:creator>Dick Taffe</dc:creator>
				<category><![CDATA[Professor Voices]]></category>
		<category><![CDATA[Boston University]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP CEO]]></category>
		<category><![CDATA[BP oil spill]]></category>
		<category><![CDATA[BU Law School]]></category>
		<category><![CDATA[Business and Politics]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Deepwater Horizon oil spill]]></category>
		<category><![CDATA[Elizabeth Nowicki]]></category>
		<category><![CDATA[Graham Wilson]]></category>
		<category><![CDATA[Political Science]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Tony Hayward]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/bunow/?p=5925</guid>
		<description><![CDATA[It&#8217;s all BP all the time in Washington this week.  After President Obama addresses the nation Wednesday on the BP oil spill situation, company executives on Thursday face a Congressional hearing on the matter.  Visiting law Professor Elizabeth Nowicki, both a former SEC and Wall Street attorney, says BP CEO Tony Hayward would be well-served to remember [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-thumbnail wp-image-5926" src="http://blogs.bu.edu/bunow/files/2010/06/BP-logo-with-spill-150x150.jpg" alt="BP logo with spill" width="105" height="105" />It&#8217;s <a title="all BP all the time" href="http://www.washingtonpost.com/wp-dyn/content/article/2010/06/15/AR2010061501700.html?hpid=topnews" target="_blank">all BP all the time </a>in Washington this week.  After President Obama addresses the nation Wednesday on the <a href="http://www.bp.com/bodycopyarticle.do?categoryId=1&amp;contentId=7052055">BP</a> oil spill situation, company executives on Thursday face a Congressional hearing on the matter.  Visiting<a href="http://www.bu.edu/law"> law</a> Professor <a title="Elizabeth Nowicki" href="http://www.bu.edu/law/faculty/profiles/bios/visiting/nowicki_e.html" target="_blank">Elizabeth Nowicki</a>, both a former <a href="http://www.sec.gov/">SEC</a> and Wall Street attorney, says <a href="http://people.forbes.com/profile/a-b-tony-hayward/13022">BP CEO Tony Hayward</a> would be well-served to remember what empirical research shows about the economic value of apologies.</p>
<p><em>&#8220;My advice to Hayward is to remember what behavioral research has shown:  Corporations with senior management who willing and sincerely apologize are (a) less likely to get sued and (b) more likely to settle inevitable lawsuits more cheaply.&#8221;</em></p>
<p>Meantime, <a href="http://www.bu.edu/polisci/">political science</a> Prof. <a title="Graham Wilson" href="http://www.bu.edu/polisci/people/faculty/professorgrahamwilson/" target="_blank">Graham Wilson</a>, author of &#8220;<em><a title="Business and Politics" href="http://www.amazon.com/Business-Politics-Comparative-Introduction-3rd/dp/1889119881" target="_blank">Business and Politics</a></em>,&#8221; wonders when other companies involved in the Deepwater Horizon disaster and its aftermath will be put in the spotlight that thus far has swamped BP.</p>
<p><em>&#8220;It will be interesting to see if the American companies involved, such as Transocean and Haliburton, are also asked to set aside funds [for clean-up].  Only eight of the people on the rig when the well failed were employed by BP.&#8221;</em></p>
<p>Contact Elizabeth Nowicki, 518-867-5355, <a href="mailto:enowicki@bu.edu">enowicki@bu.edu</a>; or Graham Wilson, 617-353-2540, <a href="mailto:gkwilson@bu.edu">gkwilson@bu.edu</a></p>
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