Video: 'The wayward CEO'
Transcript of: 'The wayward CEO'
BRIAN WILLIAMS, anchor: We turn our coverage now to the oil disaster in the Gulf of Mexico , and word that the man who was the public face of BP is on his way out. Tony Hayward will reportedly exit the job of BP CEO in October,with a hefty pension and another job offer. CNBC's Maria Bartiromo covering this story in London for us tonight. Maria , good evening.
MARIA BARTIROMO reporting: Good evening, Brian . Thanks very much. Sources at BP are telling us not to expect an official announcement tonight on Hayward 's successor, but it is widely expected that Robert Dudley will get the job. He is his American colleague. He's been running the gulf response in the gulf since June, and this would make him the first American to lead this British iconic firm. Cameras surrounded the silver Lexus as embattled CEO Tony Hayward left BP 's headquarters tonight in London . He will reportedly step down as CEO in October and take a job with BP 's joint venture in Russia .
Mr. JEFFREY SONNENFELD (Yale School of Management): Tony Hayward at this point has become the wayward CEO, and not a CEO who's got -- has the legitimacy to lead.
BARTIROMO: Hayward has been criticized for his cool, detached style and his public gaffes.
Mr. TONY HAYWARD: There's no one who wants this thing over more than I do. You know, I'd like my life back.
BARTIROMO: At a hearing in Washington , he was accused of evading questions.
Representative ELIOT ENGEL: I think you're insulting our intelligence.
BARTIROMO: And as the oil continued to soil gulf waters, Hayward spent a weekend far from it at a yacht race in England , stirring up yet more controversy.
Mr. BOB DUDLEY: We've been engineering as we go.
BARTIROMO: BP 's managing director, Bob Dudley , a 54-year-old Mississippi native, became BP 's public face in the gulf.
Mr. DUDLEY: I'm frustrated and saddened.
WILLIAMS: Is there anything else you need to warn us about?
BARTIROMO: In an interview with Brian Williams just last month, BP 's new point man tried to change the tone.
Mr. DUDLEY: This is terrible, and the company's going to put its full might behind providing every resource it can to stop it, clean it up and restore the gulf.
BARTIROMO: Restoring the gulf and building political support to continue drilling there is critical to BP 's future. Some analysts say Dudley , who spent 20 years at Amoco before it was bought by BP , is the right man for the job.
Mr. FADEL GHEIT (Oppenheimer Co. Oil and Gas Research): He's very affable person, and is a level-headed person, and he is tough when toughness needed. And I think he will need all the toughness in the world to get BP back in shape.
BARTIROMO: And tomorrow we will get a lot more information when BP reports its first half earnings, including, we will find out, the exit package for Mr. Hayward , which is being talked about tonight at some $18 million, including benefits. Brian , back to you.
WILLIAMS: All right, Maria . Maria Bartiromo in London tonight . Thanks.
Data: A look at British Petroleum
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