Run to Failure
Discusses how the ambitious CEO of British Petroleum, John Browne, helmed one of the greatest corporate comebacks in history only to have it fall apart due to deadly accidents, felony convictions and environmental crimes, culminating in the Deepwater Horizon disaster. 40,000 first printing.
It was Big Oil's nightmare moment, and the dominoes began falling years before the well was drilled.
Two decades ago, British Petroleum, a venerable and storied corporation, was running out of oil reserves. Along came a new CEO of vision and vast ambition, John Browne, who pulled off one of the greatest corporate turnarounds in history.
BP bought one company after another and then relentlessly fired employees and cut costs. It skipped safety procedures, pumped toxic chemicals back into the ground, and let equipment languish, even while Browne claimed a new era of environmentally sustainable business as his own. For a while the strategy worked, making BP one of the most profitable corporations in the world. Then it all began to unravel, in felony convictions for environmental crimes and in one deadly accident after another. Employees and regulators warned that BP’s problems, unfixed, were spinning out of control, that another disaster—bigger and deadlier—was inevitable. Nobody was listening.
Having reported on business and the energy industry for nearly a decade, Abrahm Lustgarten uses interviews with key executives, former government investigators, and whistle-blowers along with his exclusive access to BP’s internal documents and emails to weave a spellbinding investigative narrative of hubris and greed well before the gulf oil spill.
The Deepwater Horizon disaster and oil spill off the Gulf of Mexico in spring 2010 was almost inevitable, claims author Lustgarten, winner of the George Polk Award for environmental reporting. He describes BP's reckless approach to safety and environmental issues, fatal and disabling accidents, and meager payoffs to victims and their families over the past 20 years, all under the leadership of BP's John Browne. The author draws on interviews with BP executives, government investigators, and whistle blowers, plus access to BP internal documents and e-mails. He warns that BP has not significantly changed its actions. The book includes b&w photos. The author has been awarded by the Society of Environmental Journalists for his investigative writing on BP. Annotation Â©2012 Book News, Inc., Portland, OR (booknews.com)
Discusses how the CEO of British Petroleum, John Browne, helmed one of the greatest corporate comebacks in history only to have it fall apart due to deadly accidents and environmental crimes, culminating in the Deepwater Horizon disaster--
Discusses how the CEO of British Petroleum, John Browne, helmed one of the greatest corporate comebacks in history only to have it fall apart due to deadly accidents and environmental crimes, culminating in the Deepwater Horizon disaster.
BP and the making of the Deepwater Horizon disaster
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