A day after he was grilled by Congress, BP chief executive Tony Hayward is being demoted. According to Britain’s Sky News, BP Managing Director Bob Dudley will take over day-to-day oversight of the Gulf of Mexico oil spill while BP’s chairman Carl-Henric Svanberg (he of the “small people” comment) will assume major PR duties. (Yes, you read that right—the BP executive who famously expressed his compassion for “the small people” will be tasked with enhancing the company’s public image.)
Full Story: Hayward relieved of managerial duties in BP shakeup – Yahoo! News