BP's much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill.
Jane Wardell, AP Business Writer
, July 27, 2010
BP's catastrophic oil spill sent its stock price plummeting earlier this summer, as many investors fled the company. But the State of Wisconsin's Investment Board stuck with BP, owning almost 19.5 million shares at the end of June.
Shawn Johnson, Wisconsin Public Radio
, July 19, 2010
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