The Macondo blowout: Decision making in difficult times (Abridged)
In May 2007 Tony Hayward became chief executive officer (CEO) of BP, the London-based oil and gas “supermajor,” promising to refocus company culture on safety issues. BP had experienced more than its fair share of accidents during its rapid expansion under Lord Browne, Hayward’s predecessor. Hayward had positioned himself as the candidate to fix BP’s safety record in the months leading up to his eventual appointment as CEO, winning out against strong rivals such as fellow board member Robert Dudley (former CEO of TNK-BP, the company’s Russian joint venture) and John Manzoni, head of refining and marketing. Yet a little over three years later, Hayward was forced to resign amid an environmental disaster triggered by the largest offshore oil spill in US history. What went wrong?
Discuss management of a major crisis. Discuss the environmental disaster caused by the Macondo blowout and its economic and political aftermath.
British Petroleum (Old name), BP
2010
Cranfield University
Wharley End Beds MK43 0JR, UK
Tel +44 (0)1234 750903
Email [email protected]
Harvard Business School Publishing
60 Harvard Way, Boston MA 02163, USA
Tel (800) 545-7685 Tel (617)-783-7600
Fax (617) 783-7666
Email [email protected]
NUCB Business School
1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]
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