{"id":5925,"date":"2010-06-15T11:16:56","date_gmt":"2010-06-15T16:16:56","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5925"},"modified":"2011-01-20T14:06:24","modified_gmt":"2011-01-20T19:06:24","slug":"bp-faces-congress","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/06\/15\/bp-faces-congress\/","title":{"rendered":"BP faces Congress"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-thumbnail wp-image-5926\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/06\/BP-logo-with-spill-150x150.jpg\" alt=\"BP logo with spill\" width=\"105\" height=\"105\" \/>It&#8217;s <a title=\"all BP all the time\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/06\/15\/AR2010061501700.html?hpid=topnews\" target=\"_blank\">all BP all the time <\/a>in Washington this week.\u00a0 After\u00a0President Obama addresses the nation Wednesday\u00a0on the <a href=\"http:\/\/www.bp.com\/bodycopyarticle.do?categoryId=1&amp;contentId=7052055\">BP<\/a> oil spill situation, company executives on Thursday face a Congressional hearing on the matter.\u00a0 Visiting<a href=\"http:\/\/www.bu.edu\/law\"> law<\/a> Professor <a title=\"Elizabeth Nowicki\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/visiting\/nowicki_e.html\" target=\"_blank\">Elizabeth Nowicki<\/a>, both a former <a href=\"http:\/\/www.sec.gov\/\">SEC<\/a> and Wall Street attorney, says <a href=\"http:\/\/people.forbes.com\/profile\/a-b-tony-hayward\/13022\">BP CEO Tony Hayward<\/a> would be well-served to remember what empirical research shows about the economic value of apologies.<\/p>\n<p><em>&#8220;My advice to Hayward is to remember what behavioral research has shown:\u00a0 Corporations with senior management who willing and sincerely apologize are (a) less likely to get sued and (b) more likely to settle inevitable lawsuits more cheaply.&#8221;<\/em><\/p>\n<p>Meantime, <a href=\"http:\/\/www.bu.edu\/polisci\/\">political science<\/a> Prof. <a title=\"Graham Wilson\" href=\"http:\/\/www.bu.edu\/polisci\/people\/faculty\/professorgrahamwilson\/\" target=\"_blank\">Graham Wilson<\/a>, author of &#8220;<em><a title=\"Business and Politics\" href=\"http:\/\/www.amazon.com\/Business-Politics-Comparative-Introduction-3rd\/dp\/1889119881\" target=\"_blank\">Business and Politics<\/a><\/em>,&#8221; wonders when other companies involved in the Deepwater Horizon disaster and its aftermath will be put in the spotlight that thus far has swamped BP.<\/p>\n<p><em>&#8220;It will be interesting to see if the American companies involved,\u00a0such as Transocean and Haliburton, are also asked to set aside funds [for clean-up].\u00a0 Only eight of the people on the rig when the well failed were employed by BP.&#8221;<\/em><\/p>\n<p>Contact Elizabeth Nowicki, 518-867-5355, <a href=\"mailto:enowicki@bu.edu\">enowicki@bu.edu<\/a>; or Graham Wilson, 617-353-2540, <a href=\"mailto:gkwilson@bu.edu\">gkwilson@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s all BP all the time in Washington this week.\u00a0 After\u00a0President Obama addresses the nation Wednesday\u00a0on the BP oil spill situation, company executives on Thursday face a Congressional hearing on the matter.\u00a0 Visiting law Professor Elizabeth Nowicki, both a former SEC and Wall Street attorney, says BP CEO Tony Hayward would be well-served to remember [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[176,2902,3150,3149,2854,3151,3134,943,2974,1972,2845,2892,1759,561,3086,1246],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5925"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5925"}],"version-history":[{"count":11,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5925\/revisions"}],"predecessor-version":[{"id":7709,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5925\/revisions\/7709"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}