Tony Hayward Expected to Resign by Tuesday

Several news outlets are reporting that Tony Hayward will resign by Tuesday, July 27.

U.K.’s Telegraph reports:"The chief executive of BP, Tony Hayward, is finalizing the details of his imminent exit from BP this weekend as the oil giant prepares to make an announcement on the chief executive’s future possibly within the next 48 hours.

After a weekend of detailed negotiations over Mr Hayward’s severance package, it now appears almost certain that he will announce his departure ahead of BP’s half year results on Tuesday."[B]More info[/B]