The Greed of the Powerful Strikes Again
Once again, profits for the shareholders (including those within the corporate structure who benefit from rising stock values) have trumped safety.
More Is Not Always Better
Why do major corporations fight for the right not to be safe? What’s the point? The greed that kept BP from spending the money needed to keep that rig safe, and to make sure there would not be an unstoppable spill, has caused more than destruction of property and wildlife.
Stock Prices and Reputation
How will the stock price be helped by destruction of ocean life, beaches, and birds? How will the reputation of an oil giant benefit by this new image of an oil slick moving towards all the coasts on the gulf? I know I’ve lost respect for BP because of this. This situation is similar, in my mind, to the mine disaster a few weeks ago. The company tried to save money by cutting safety, and now they’ve lost more than they ever could have saved.