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BP plc Message Board

  • stakeholder_9999 stakeholder_9999 Oct 31, 2013 3:34 AM Flag

    Why couldn't BP's management act like J&J's Lawrence G. Foster?

    Lawrence G. Foster, a former journalist who started the public relations department at Johnson & Johnson and helped lead the company out of a crisis when seven people died after taking Tylenol, the company’s signature pain reliever, died on Oct. 17 at his home in Westfield, N.J. He was 88.

    In late September 1982, police connected a string of mysterious deaths in and around Chicago to cyanide-laced capsules of Extra Strength Tylenol, throwing the public into a panic over the realization that a killer had turned a common household product into a weapon.

    Mr. Foster, a Johnson & Johnson vice president in charge of public relations, became a chief adviser to the chairman, James E. Burke, in formulating the company’s response. The strategy, which was widely viewed as a model of corporate crisis management, was to put consumer safety first, to respond to the media with alacrity and to be entirely honest.

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    • stakeholder, take an extra strong dose of Ex-Lax and flush yourself, you babbling idiot

    • stake, that is just what BP did. they acted quickly, responsibly, and as appropriately as possible. next they acted honorably. that was their problem.

      how do like the PPS surge? not to mention the increase to dividend.

      time for you to move on now? you, Ikki, and Tommy Chop Chop? maybe find another cause and move to a commune?

      Sentiment: Buy

      • 3 Replies to nadsmis
      • [ BP] "acted quickly, responsibly, and as appropriately as possible"?

        2nd Quarter
        "All amounts relating to the Gulf of Mexico oil spill have been treated as non-operating items", with a net adverse impact on a pre-tax basis of $209 million for the quarter and $241 million for the half year 2013. For further information on the Gulf of Mexico oil spill and its consequences, including information on utilization of the Deepwater Horizon Oil Spill Trust fund, see page 12 and Note 2 on pages 25 – 30. Information on the Gulf of Mexico oil spill is also included in Principal risks and uncertainties on pages 42 – 49 and Legal proceedings on pages 50 – 52.

        [Italics are mine]

        3nd Quarter
        All amounts relating to the Gulf of Mexico oil spill have been treated as non-operating items, with a net adverse impact on a pre-tax basis of $39 million for the quarter and $280 million for the nine months. For further information on the Gulf of Mexico oil spill and its consequences, including information on utilization of the Deepwater Horizon Oil Spill Trust fund, see page 12 and Note 2 on pages 25 - 30. Information on the Gulf of Mexico oil spill is also included in Legal proceedings on pages 35 - 37.

      • [ BP] "acted quickly, responsibly, and as appropriately as possible"?

        A flaring event occurred at the Texas City refinery in April and May 2010. This flaring event is the subject of civil lawsuit claims for personal injury and, in some cases, property damage by roughly 50,000 individuals. These claims have been consolidated in a Texas multi-district litigation proceeding in Galveston, Texas. The first trial in the matter began in September 2013 and was completed in October 2013. Of the six plaintiffs initially scheduled for trial, two filed nonsuits before trial, the claims of one plaintiff were dismissed by the court on directed verdict, and the jury awarded no damages to the remaining three plaintiffs. In addition, this flaring event and other refinery emissions from December 2008 through 2010 are the subject of a purported class action, on behalf of some local residential property owners, filed in US federal district court in Galveston. The purported class plaintiffs claim that refinery emissions caused their residential properties to lose value. A class certification hearing was held on 4-5 April 2013, and the court denied the plaintiffs’ class certification motion on 2 October 2013. The flares involved in this event are also the subject of a federal government enforcement action. BP retained these liabilities when it sold the Texas City refinery.

        ******************************
        Also
        The disposal of BP’s 50% share

      • "that is just what BP did. they acted quickly, responsibly, and as appropriately as possible. next they acted honorably. that was their problem."

        A little history reminder, BP pled guilty for obstruction of Congress over reporting the size and response to the spill. In layman's terms, that means BP lied to the US government. That is what is considered acting "responsibly" to a shill.

        But the shills don't pay close attention, and that will be their undoing. We just wrapped up a trial phase where a federal judge heard all the evidence of BP's lies (or you can call it "obstruction" if it makes you feel more secure in your investment decision). And sooner or later, that federal judge will decide if BP's conduct amounts to "gross negligence."

        When that happens the clueless BP shills will run for cover like ants in a flood wondering what hit them, deriding environmentalists, Louisianans, federal judges, and anyone else who helps them remain in denial.

        Smart investors see the big picture and are prepared.

 
BP
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