BP - the luxury of failure and the loss to our pension funds‏

The inevitable has happened. The BP CEO Tony Hayward is leaving his post with a fat payoff and his pension, rewards for failure are luxuary. BP has confirmed that he is leaving with a £1m payoff and a pension, expected to be about half a million pounds a year, as the oil giant reported one of the largest corporate losses in British history due to the cost of the oil spill in the Gulf of Mexico. http://www.guardian.co.uk/business/2010/jul/27/tony-hayward-leaves-bp-1m-payoff