Posts Tagged ‘BP’

posted by Peter Roberts

BP held their annual general meeting yesterday. It was their first since the Deepwater Horizon tragedy in the Gulf of Mexico. The one image that dominated the coverage was that of a syrup smeared Diane Wilson. She’s a protestor and the syrup looks convincingly like crude oil. Wilson was one of many protestors locked out of the meeting at London’s Excel Centre, and subsequently proved to be the focus of much of the media’s interest.

BP did what any responsible business would be expected to do when it comes to protestors – keep them out. As a BP spokesman put it, “We have a responsibility to run an orderly meeting that allows our shareholders to vote on resolutions and engage with the board.” Quite so; BP is a big commercial enterprise and its priorities, it would appear, are with its key stakeholders. Well, that’s the way it reads. However, what price to the company of letting the same protestors into the meeting – a bridge too far? Probably for attending shareholders, but how about its own brand values – possibly? Yes, there will be heckling; maybe some commotion, but in its efforts to address its current corporate reputation such a move could be extremely productive; presenting a business that’s inclusive, accountable and understanding of broader concerns. It’s with such boldness that public perception will, albeit slowly, begin to change and it’s with such boldness that leads the ‘man in the street’ to start thinking that enough’s enough with these protests, let’s move on, instead of what many are probably now thinking which is these people have been hard done by.

“We all just want our lives back”

As media commentators continue to pick through the carnage following the Deepwater Horizon blowout, some interesting insights are bubbling to the service. For those of you that saw the BBC’s Money Programme, one of the defining moments that shone through was a quote from Tony Hayward that.. “Maybe if I had achieved a degree from RADA rather than in Geology, things would have been different.”

Now for me that is a defining quote, what type of people do we want running these global organisations? Experts in their field who have a deep understanding of their operations? Or trained orators who can deliver impressive sound bites?

In the ideal world we would have both, but the reality is that the combination is pretty rare. For example, would you like Richard Branson to fly you and family across the Atlantic? Or (far more worryingly) step on a plane piloted by Michael O’Leary? No! All of these people, including Tony Hayward, have realised the benefit of surrounding themselves with experts in their field. In Tony Hayward’s case, you would have to argue he was let down not by his statements, but by the people who put him in that position in the first place.

The first objective for any business is to minimise the likelihood of a crisis, but incidents can and will arise and from that point on, the imperative has to be to deploy the best people to do the best jobs at the right time and place.

I for one have a certain amount of sympathy for Tony Hayward, he paid a high personal price as you would expect, but I think he came away with some new found respect for the how the media machine operates. I can pretty much guarantee the media won’t find it so easy to ambush him in his next role. Just need to remember that not everyone gets a second chance in situations like this.