BP's Swedish Svanberg criticized by shareholders


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Saturday, 30 July 2011
Carl-Henrik Svanberg's role as chairman of the British oil company BP has fallen under the spot light again and questions are being raised.

According to several of the 15 largest shareholders, the British Financial Times talked to, they are unhappy with the company's strategy and also frustrated with the company's earnings.

Svanberg received much criticism after last year's oil spill in the Gulf of Mexico, and the rest of the board has now fallen out in ranks to criticize him now for not showing enough strength and leadership.
By Team

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