BP Chairman: Board To Exert Tougher Operational Control

Directors of BP PLC will tighten oversight of the U.K. oil giant's day-to-day operations in the aftermath of the Gulf of Mexico oil spill, its chairman told the Financial Times in an interview posted online late Wednesday.
Carl-Henric Svanberg, in his first major interview since the months-long catastrophe that began in April, said he didn't consider resigning despite criticism from some investors for not taking a more public role at the height of what became the worst offshore oil spill in U.S. history.
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Source: Nasdaq