I find it amazing how executives are not held accountable for their wrongdoings, which clearly shows our current social system is failing us. Instead CEOs should be fully responsible for the actions of their companies. They are in the position and have the power to make positive change. In today’s system corporations function like derivative options: a limited downward and unlimited upward potential. They make other people pay the bill: an externality is the consequence of an economic activity that is experienced by unrelated third parties.

BP’s PR turns out to be even more disastrous than the oil spill (or is that even possible?). What are they thinking?

“It’s unbelievable and an embarrassment how incompetent they are,” Donald Trump referred to Tony Hayward and BP. I summed up some of BP’s most embarresing quotes:

April 29, the New York Times reported Hayward saying to other BP executives:
“What the hell did we do to deserve this?”

On May 14, the Guardian quoted Hayward saying:
“The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume.”

May 18, Hayward told Britian’s Sky News:
“I think the environmental impact of the disaster is likely to have been very, very modest.”

May 18 if the BP CEO was sleeping at night, Hayward said:
“Yeah, of course I am,”

June 2, 2010, Hayward talking to Reuters:
“There’s no one who wants this thing over more than I do, I’d like my life back”

June 17, Svanberg Chairman referring to victims in the Gulf:
“We care about the small people”

June 20, Hayward infuriates Gulf residents by yacht outing at the Isle of Wright.