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27.05.26 - 14:24
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"Removed Without Warning": Ex-BP Chairman Blasts Abrupt Ouster As Wall Street Gets Spooked (ZeroHedge)
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"Removed Without Warning": Ex-BP Chairman Blasts Abrupt Ouster As Wall Street Gets Spooked
The abrupt Tuesday morning firing of BP Chairman Albert Manifold by the board certainly raised eyebrows, given his key role in the company's turnaround effort: unwinding years of underperforming green-energy bets and steering the oil major back toward its oil-and-gas business.
The board cited "serious concerns" tied to "important governance standards, oversight, and conduct" as the core reason for Manifold's removal. But the explanation remains vague, leaving Wall Street desks wondering exactly what prompted such a sudden and aggressive move against the chairman.
Bloomberg reporters reached out to Manifold for his perspective on the firing. He said, "I was removed without warning and without explanation."
"I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged," Manifold continued.
The outlet spok...
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