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View Diary: Open thread for night owls: Is BP getting off way too easy? (144 comments)

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  •  They/BP won't face criminal penalties. (1+ / 0-)
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    Then We, the People of the United States, lost.

    "BP pled guilty to 11 felony counts of misconduct and neglect related to the deaths of 11 workers on the oil rig, as well as one felony count of obstruction of justice for lying to Congress about the size of the spill. They also pled guilty to misdemeanor counts for violating the Clean Water Act and Migratory Bird Treaty Act."

    -- from Mother Jones

    And every red cent of that money comes out of the hides of the pension funds, insurance companies, private parties, and mutuals that own shares in this public corporation.

    The top managers who put TIME AND PRICE over quality and value ??? They skate. And I'm not talking about the one perp, David Rainey, who had regional responsibility for "exploration" in the Gulf. His real job was to manage contracts and smooth out kinks in the well-drilling efforts.

    Maybe the top guys lose their bonuses for a couple/three years. Big whoop.

    They &^%$%^&&^%ing skate. All of the top level thugs skate.

    Top management at BP set up the corporate culture that promotes careless, criminally aggressive non-technical money-thugs to positions where they can damage the ecosystems of the Gulf of Mexico and other parts of the world's ocean.

    Also, in fact, the Gulf not been repaired by Magic Bacteria that eat oil and shxt flan. The most of that oil is still there. Nobody knows what is going to happen with these zillions of tons of poisons over the next 50 years. Nobody.

    •  Actually we have a pretty good idea what will (1+ / 0-)
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      I wonder if anyone is keeping track of the incidence in Kidney problems in the Gulf? Skin Problems? Chronic Respiratory problems? Chemically induced brain damage, or coastal miscarriages?

      We know and congress knew what would happen, they recorded it in sessions in which they read studies in other areas that suffered similar spills.

      I know I will never look at Lisa Jackson the same again. It seems that in all the places where it counts, our government is so pro-oil that it's anti-citizen. Lets face it, citizens aren't worth that much money.
      If others are unfamiliar with aspects of this case, you can start here.

      Congress recognized that “there is no comprehensive legislation in place that promptly and adequately compensates those who suffer other types of economic loss as a result of an oil pollution incident.” U.S. Congress, House Committee on Merchant Marine and Fisheries, report accompanying H.R. 1465, Oil Pollution Prevention, Removal, Liability, and Compensation Act of 1989, H.Rept. 101-242, Part 2, 101st Cong., 1st sess., p. 31.
      And they pretended as if only cleanup workers would be affected by the toxins, effectively ignoring all the people who lived right on the water.
    •  Responsibility (1+ / 0-)
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      'that money comes out of the hides of the pension funds, insurance companies, private parties, and mutuals that own shares in this public corporation.'
      As it should. Then they should either
      prove they were defrauded by the execs.
      Or admit that they hired the execs to do what execs do.

      Otherwise, they just point fingers at each other.

      -- the people are the leaders

      by in on Fri Nov 16, 2012 at 05:45:18 AM PST

      [ Parent ]

      •  The complaint is that the exec's are not fined. (0+ / 0-)

        You think that pension funds know what exec's in companies are doing, day by day ?????

        They get to read the financial statements. Cutsie-pie articles in the xxxxx-week mags.

        Investors are brain dead for this shxt. Nobody controls what's going on. Not compared to the management class.

        •  Owners should demand better management (0+ / 0-)

          Current law coddles shareholders, protecting them  from responsibility.
          When the law stops coddling owners, then they will force their hired guns to behave.
          As laws are now, shareholders allow executives to commit crimes, much like criminal parents allow their juveniles to commit crimes.
          (The difference is that parents can be found more liable for their kids' crimes.)

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