View Cart (0 items)
Oil & Gas

BP CEO Says 4th Quarter Pay Will Link to Safety

October 19, 2010
/ Print / Reprints /
| Share More
/ Text Size+
Reuters reports, BP Chief Executive Bob Dudley has stepped up his battle to rebuild the oil company’s reputation, declaring safety is so core to the group that it would be the sole measure for staff bonuses in the last quarter of this year. Dudley needs to restore investor confidence in the oil group following its Gulf of Mexico oil spill and other disasters in recent years, and to fend off threats to BP''s ability to operate in the United States. Some U.S. lawmakers have argued the oil spill reflect a corporate culture that encouraged managers to put profits before safety. Dudley disputes this claim and to emphasize BP''s commitment to safety he told staff in an email, seen by Reuters, that: "The sole criterion for performance reward for our operating businesses in the fourth quarter of 2010 will be performance in safety, compliance, silent running and operational risk management. We are taking this step in order to be absolutely clear that safety, compliance and operational risk management is BP''s number one priority, well ahead of all other priorities." A BP spokesman confirmed the e-mail''s contents. Last month, Dudley said he was reviewing BP''s system of incentives, to ensure that employees never to feel pressured or tempted to sacrifice safety for other goals.
You must login or register in order to post a comment.