BP Just agreed to contribute 20 Billion to a slush fund with Obummer's man in control of it!!!
I hope they got a side of immunity with that!
We know this Administration returns to the well over and over and over again.
This is a political slush fund nothing more. Politicians and their hanger-oners will populate this Board ... unless the IRS manages it.
$20B would be several years profit for this multinational company if the article I read on 2008 earnings is correct. It reflects 2008 profit as $21.1M. (http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9027576&contentId=7050330)
Makes me wonder if this is in contradiction to US statute now in existence limiting payouts. Plus the action itself is unprecedented by any President.
Wonder if BP will now shut its doors in the US and go play somewhere else in the world.