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Thumbnail image for product with reference number IMD-3-2188
Compact case
The Macondo Blowout: Decision Making in Difficult Times
Case
-
Reference no. IMD-3-2188
Subject category: Strategy and General Management
Authors: Didier Cossin (International Institute for Management Development (IMD)); Dinos Constantinou (International Institute for Management Development (IMD)); Siew Li Wong (Securities Industry Development Corporation (SIDC))
Published by: International Institute for Management Development (IMD)
Originally published in: 2011
Version: 15.04.2011
Length: 5 pages
Data source: Published sources
Topics: Crisis management; Corporate responsibility; Board responsibility; Leadership; Oil spill; Environmental disaster; Safety regulations; Offshore drilling
Share a link: https://casecent.re/p/101212
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Abstract

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?
Location:
United States
Industry:
Oil and gas
Size:
Annual revenues of USD239 billion
Other setting(s):
2010
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Abstract

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?

Settings

Location:
United States
Industry:
Oil and gas
Size:
Annual revenues of USD239 billion
Other setting(s):
2010

Related

Sorry, this product has no related items.