BP links staff bonuses to safety improvements
Date: 21 Oct 2010
BP's new chief executive Bob Dudley has told employees that the only basis for judging performance in the coming quarter will be on progress made in reducing risk and raising safety standards. The message, which was announced in an email leaked to the Wall Street Journal, was the latest sign that the new regime at the company are working on improving its image.
The company, which faces political obstacles to its future operation in the US, has been trying to send signals that it is going to be quick to change the culture that had let it down in the past, with the Gulf of Mexico oil leak only the latest, and largest, of a series of disasters. It had been accused throughout the recent controversy of having an embedded culture that put profits before safety.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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