How BP’s Browne Created Culture of Risk, Incompetence
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On April 20, 2010, BP’s Deepwater Horizon rig exploded, killing 11 men and injuring 17. During the next three months, 200 million gallons of oil gushed uncontrollably into the Gulf of Mexico, leading to the worst ecological disaster in U.S. history.
Former BP Chief Executive John Browne was forced to resign after a sex scandal in 2007, but the risk-taking, cost-cutting culture he created during his 12-year tenure may have contributed to the disaster.