Is the latest management change at BP plc a signal of the start of a new era or an extension of the decades of poor management and governance? Last week, financial markets were shocked when BP announced that its chairman, Albert Manifold, would be removed immediately. The latest BP shakeup leaves one wondering whether this is merely the next chapter in the decades-long mismanagement crisis or an opportunity for a more dramatic remaking of this iconic company.
Read Full Article »
