Since the gulft coast oil spill first hit the newswires over 60 days ago, BP has suffered a torrent of bad press and publicity. Today the BP chairman, Carl henric Svanberg, may have made things much worse when he was quoted as saying:
“I hear comments sometimes that large oil companies are greedy companies or don’t care, but that is not the case with BP. We care about the small people.”
The announcement came across the wires as BP stated that it was suspending it’s dividend payments for the second and third quarters in order boost it’s cash on hand to pay for the gulf coast oil spill.
The gaffe is really unfortunate for BP since the oil giant recently agreed to a $20 billion escrow account and made an official apology to the nation which could have given them a slight boost in public perception. But now with the “small people” cloud over their head, gulf coast residents affected by the spill may not ready to forgive the oil giant just yet.