Wednesday, October 6, 2010

"BP has learned its lesson"...or has it?

I'm really interested in the whole gulf incident, so I'm writing about this again.

A recent Wall Street Journal article, talks about BP assuming responsibility for the spills in the Gulf. However, it seems like "we've all heard this before."

Apparently, there was an incident similar to this in 2005. Bob Malone, chairmen at the time, said that BP had an extensive plan to correct all the problems; he retired before any of it was put into action. Now its Bob Dudley's chance to shine. He also has a plan to correct the problems. He is planning to create "a new safety division" which will have "authority to intervene in all aspects of BP's technical activities." Of course, this is would be there response.

This is relevant to what we are learning; in chapter three, we talked about ethics and how companies attempt to fix ethical issues. BP is taking the "managerial approach to change things." It doesn't amuse me that it has taken them this long to come out with a "public statement." They know that they are getting a lot of environmentalists angry. I think if this were to happen again, BP can face bankruptcy and angry clients.

2 comments:

  1. I believe this is either Tyler's or Jason's posting, (try an write your name on the bottom, with the source citation). Referring to the post itself I wonder if BP can be even legally blamed for the catastrophe. After all the bickering and lawyers was BP to blame? It was their asset and they profited from the oil that was produced. The question is was BP management directly responsible for this catastrophe? Unless there is unquestionable evidence that connects BP leadership to shortcuts or fraudulence I believe this issue should be put to rest. The tragedy itself is horrible to a magnitude that is unthinkable, but the real question is where do we move from here?

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  2. This is actually Amy's post. I just think that the media focused on this issue a lot, and its interesting to me that they are STILL talk about it. I think leadership is definitely an important factor. Take into account what we learned in class and from the book about leadership. Personally, I think the leaders are the one to blame, and they are taking responsibilities for it. Isn't that a good thing? Don't we want someone to take responsibility for it?

    Amy Yu

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