I don't care about the Warren Buffets who have invested in BP, but apparently BP stock is virtually ubiquitous in UK pension funds. So, if they don't pay out the dividend, pensioners get hit. Not that BP gives a rat's ass about that, but the matter is more complicated than some fat cats getting theirs while the Gulf Coast suffers.
Honestly, I don't care what BP does with its dividends -- which are going to get smaller and smaller -- as long as they make good on their promise to make good to the people of the Gulf. The Valdez suit is still in litigation -- to me, that's the worst that could happen.
I don't care about the Warren Buffets who have invested in BP, but apparently BP stock is virtually ubiquitous in UK pension funds. So, if they don't pay out the dividend, pensioners get hit. Not that BP gives a rat's ass about that, but the matter is more complicated than some fat cats getting theirs while the Gulf Coast suffers.
ReplyDeleteHonestly, I don't care what BP does with its dividends -- which are going to get smaller and smaller -- as long as they make good on their promise to make good to the people of the Gulf. The Valdez suit is still in litigation -- to me, that's the worst that could happen.