Why Tony Hayward's Step Down Doesn't Matter

Tony Hayward is stepping down as BP's CEO to move to another role within the company, getting an $18 million golden parachute as he goes. BP is hoping Gulf coast residents will view his replacement, Bob Dudley, more favorably because he's an American who lived in Mississippi for a time.

Yet the very next day, BP is continuing to use Hayward's rhetoric. A researcher on BP's payroll predicts the BP oil disaster's impact will be "quite small." Hayward himself once infamously predicted the impact would be "relatively tiny."

Last night I was at happy hour at Gordon Biersch in DC talking with friends about the disaster. "This is what BP doesn't get: We don't hate Tony Hayward because he's British," one of my friends said. "We hate him because he fucked the Gulf Coast."

BP dumping its CEO but continuing its lies changes nothing.