management during the weeks that followed. BP created the “Gulf of Mexico Restoration” website to inform the public about its efforts in cleaning up the spill and to help restore public trust in the company again. BP’s “Gulf of Mexico Restoration” website uses these three strategies to try to repair its reputation: a section highlighting technological advancements for safer drilling‚ colorful graphics of bolded statistics that state the amount of money BP has spent on various efforts‚ and a collection
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San Bernardino fire fighters surrendered to protect and preserve sanctity and safety. The inadequate fire fund caused an exodus of personnel mitigating the respond time from two to nineteen minutes. The mismanagement devastated City Fire that they had no alternative but to exit and have county fire reign. The 137 year legacy of honor‚ trust‚ and loyalty will not be erased but remembered with vigor. From my perspective‚ the boom on consultants and administrators was at the expense of vital fire and
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meet short-term debt requirements‚ BP was more able to meet their short term debt obligations in 2005 than 2004. From 2001 to 2003 the current ratios were 1.0767‚ 0.9733‚ and 0.9600 respectively. In 2001‚ 2002‚ and 2004‚ BP?s current liabilities were greater than current assets‚ indicating that BP may have faced some difficulty in meeting short-term debt obligations during these years. In 2003 and 2005 the current ratios were greater than 1‚ representing that BP?s current assets were greater then
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1. Do you agree or disagree with Tony Hayward’s quote at the end of the case? Was this disaster strictly a BP failure or an industry accident? (One of my biggest mistakes was that I allowed myself to become the lightning rod for hatred and anger.” He went on to say‚ “I genuinely feel that this could have happened to anyone. This is not BP. It is an industry accident.) I mostly agree with Tony Hayward because an accident of that size is a result of a complex combination of mechanical failures‚
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Texas Politics - The Constitution go back 1. Introduction 1.1 Looking Ahead 2. Constitutions in Texas History 2.1 The State of Coahuila y Tejas‚ Estados Unidos Mexicanos 2.2 The Republic of Texas 2.3 The State Constitution of 1845 2.4 The Confederate Constitution of 1861 2.5 The Constitution of 1866 2.6 The Radical Republican Constitution of 1869 2.7 The Draft Constitution of 1874 and the Convention of 1875 3. The Texas Constitution Today 3.1 State Constitutions
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Case Study #1 #1- Did any of the following individuals in Texas Gulf Sulphur violate civil or criminal law by breaching a Fiduciary duty or engaging in insider trading: Drake: A geologist and junior member of the exploration group who was authorized with confidential information. Although Stephens made it clear that the information about the Canadian Shield should be kept within the selected group of employees‚
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The Spindletop in Texas is a historic event that changed the oil industry forever. January 10‚ 1901 was the day of an enormous explosion of oil that reached a height of more than 150 feet and produced 100‚000 barrels a day. A gusher of this magnitude was unheard of since it was way more powerful than anything else in the world. This caused a booming oil industry that grew to record highs and many of the oil companies in America such as Gulf Oil‚ Texaco‚ and Exxon. The Spindletop is a place where
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The 2010 BP oil spill that took place on the BP-operated Macondo Prospect claimed 11 lives‚ and is considered to be the largest marine oil spill in the petroleum industry’s history. The spill flowed continuously for 87 days until it was declared to have been contained on 15th July 2010 and finally sealed on 19th September of the same year (BP‚ 2013). However‚ unconfirmed reports indicate that some of the well sites continue to leak (Pulham‚ Hilaire & Fenn‚ 2010). The spill took a physical and psychological
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In the wake of the disaster in the gulf American citizens have a plethora of questions. Why would BP engage in risky practices that could endanger the area where the company makes its profit? Who is responsible for ensuring that the citizens of the Gulf Coast region are protected when companies like BP place profit above people? As this drama plays out on American television screens one must realize that the only check to the power of private companies is the American government which is charged
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Political – Legal Settlements: After the Deepwater Horizon oil spill in the Gulf of Mexico‚ BP faced many different legal settlements that were enforceable by court. Many of these settlements were in order to enhance the safety of drilling for oil in the Gulf of Mexico. BP worked to solve the federal criminal claims that came from the Oil Spill‚ and eventually pleaded guilty of 11 felony counts‚ related to the loss of 11 lives. Many other misdemeanor counts under different acts including: the Clean
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