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Post Info TOPIC: WAS IT WORTH IT ?
Dada Ngwazi


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WAS IT WORTH IT ?
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The chief executive of British energy giant, BP, Lord John Browne resigned on Tuesday May the 1st after the court lifted a legal injunction for the newspapers to publish details of his private life. He was due to retire this July ( two months away).

Lord John Browne, 59, failed to prevent Associated Newspapers publishing a story about his relationship with a Canadian Jeff Chevalier, his former gay partner for four years.

His sudden resignation means he gonna lose entitlement to a leaving package worth 3.5 million pounds sterling and a potential 12 million pounds sterling ( a staggering 15 million pounds) which he was entitled to get when he retires. He joined BP when he was 18 years old and has been  Chief Executive since 1995.

But the big question remains : Is it worth to resign two months early before retiring and lose that much in order to save the Company from embarassment? Mwina poti ndi azungu. Nanga kwathu zingatheke munthu kusiya ntchito ndi mpukutu cholinga kufuna kuteteza kampani? Tithandizanetu apa pilizi.



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game


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lord brownie is held as one excellent bussiness man of his generation,he has made a calculated move to resign,and probably thought he has other means of getting money than his entitlement added together. we are talking of a chief executive of a giant organisation like BP.

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hova


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theres no smoke without fire...may be he knows what hes doing....as Game said may be there some other means hes hoping to get more money....

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bingiza


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Its called under the table transaction guys happens all the time with big time bosses, anyway what would BP lose by his early retirement? The story now should be how much is he going to get.

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Pope


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this man is losing nothing,he knows what hes been offered just to save the image.As Bingi said we call it behind the curtain agreement.If you may have time talk to the financial controller he will tell you how much has been transfered to his foreign accounts.Azungu asatiputsitse masiku ano.

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jendayekha


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hova wrote:

theres no smoke without fire...may be he knows what hes doing....as Game said may be there some other means hes hoping to get more money....


Browne's 11-year term as chief executive of the oil and gas giant saw its market value grow more than fivefold to £106.5 billion. But there have been increasing questions concerning the running of the company that have emerged in the last year or so. There are questions over the way pipelines at its giant Prudhoe Bay complex in Alaska were maintained; the problems led the company to miss its output targets in 2006. What deepened the questions was the fact that documents emerged which appeared to show that the problems had been raised internally within the company some time ago but were apparently not acted upon.


Given all this and the changes in the energy market and the new challenges facing oil and gas companies,the earlier handover to successor Tony Hayward, currently the head of the group's exploration and production division, makes sense.

The recent developments will spare the hagiographies of Browne that otherwise would, no doubt, have been written.weirdface




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Pope


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jendayekha wrote:


Browne's 11-year term as chief executive of the oil and gas giant saw its market value grow more than fivefold to £106.5 billion. But there have been increasing questions concerning the running of the company that have emerged in the last year or so. There are questions over the way pipelines at its giant Prudhoe Bay complex in Alaska were maintained; the problems led the company to miss its output targets in 2006. What deepened the questions was the fact that documents emerged which appeared to show that the problems had been raised internally within the company some time ago but were apparently not acted upon.


Given all this and the changes in the energy market and the new challenges facing oil and gas companies,the earlier handover to successor Tony Hayward, currently the head of the group's exploration and production division, makes sense.

The recent developments will spare the hagiographies of Browne that otherwise would, no doubt, have been written.weirdface





more smoke to the story, am with you.

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Dada Ngwazi


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Jendayekha
 
you are no longer alone, tili limodzi pameneko. I totally agree with you, man. And Hova earlier said it 'No smoke without fire!!!'biggrinbiggrinbiggrinbiggrin

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BlackMoses


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Thats good for Browne. There is a real trace of a good manager in him through this action. So why cant that FAT FOOL (sic) at the World Bank emulate this example?

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BlackMoses
Pope


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BlackMoses wrote:

Thats good for Browne. There is a real trace of a good manager in him through this action. So why cant that FAT FOOL (sic) at the World Bank emulate this example?



some pipo prefers embarrasment, like the Muluzis.



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Dada Ngwazi


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Pope wrote:

BlackMoses wrote:

Thats good for Browne. There is a real trace of a good manager in him through this action. So why cant that FAT FOOL (sic) at the World Bank emulate this example?



some pipo prefers embarrasment, like the Muluzis.


Yeah Muluzi doesn't want to forget  "that hotseat", he is gearing himself to come back for it in 2009. I bet if Muluzi was in Lord Browne's shoes, he couldn't have resigned merely to protect his country from embarassment.wink



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