The 32 finalists have been announced and head-to-head battles start today to determine the winner of Consumermist.com’s annual Worst Company in America tournament.
Who will you vote for?
Many well-known companies have again made the finals. Telecom giant Comcast is back to defend its title, but plenty of worthy contenders are in the field including, Verizon, Wells Fargo, Bank of America, WalMart, Toyota, Facebook, BP, Delta and many more.
“And true to life, the game is driven by profit–first player to make $120 million wins. But watch out for those “hazard cards,” one of which states : “Blow-out! Rig damaged. Oil slick clean-up costs. Pay $1million,” ProPublica reports.
Also, the well “expands the potential size of our Trego County Albers discovery field to the east, and adds significant additional reserves to the Company’s totals,” CEO Jeffrey Bailey said in a statement.
The announcement was made at the annual shareholders meeting in Knoxville.
Unlike global oil giant BP, Tennessee oil companies are off to a good start in the first half of 2010.
In addition to Tengasco’s Kansas success, Huntsville, Tenn.-based Miller Petroleum has seen 200 percent year-over growth and recently acquired $300 million worth of assets in Alaska’s Cook Inlet. Miller expects its new Alaska assets to produce 1,100 barrels a day by the end of the year.
Tennessee’s oil companies may be tiny players in the world market, but at least they aren’t responsible for the worst environmental disaster in the history of the universe.
Things are so bad at BP, CEO Tony Hayward might even trade places with his Tennessee counterparts, even if it would mean a $4 million paycut and no more yacht racing.
Then again, probably not. He wants his life back, after all.
Watched “The Informant” last night, the movie about the Archer Daniels Midland price-fixing scandal in the 1990s. Matt Damon was crazy good as the title character.
Several ADM execs ended up going to prison, including Damon’s character, and the company paid hundreds of millions of dollars in fines.
The movie made me wonder if any BP execs will end up behind bars for the oil spill fouling the Gulf of Mexico. Certainly, the company faces huge fines and who knows how much its legal fees will be. But will any BP executives go to prison?
My wife Cheryl, who used to live in Panama City, Fla., would send all of the BP execs to prison for a very long time.
So far nothing has worked, but at least BP keeps trying to cap the gushing Gulf oil well. Give the company credit for trying. Not that it has any choice.
But BP has a choice when it comes to PR and it is failing miserably. Miserably.
BP can’t win the public relations battle — people are too mad and the damage too extensive — but the company should get imaginative in its approach to the public. It should start making significant payments to every Gulf Coast company hurt, or potentially hurt, by the spill.
I’m sure there is a corporate lawyer somewhere warning BP against being too generous and …