The lessons from BP’s gulf explosion in 2010 took a dramatic turn for many regulated industries. Alleging a “culture of corporate recklessness,” the Department of Justice recently said that BP was guilty of “gross negligence” and “willful misconduct” in the Deepwater Horizon explosion. The company strongly disputed the allegations.
A Cautionary Tale for Regulated Industries
The out-of-pocket cost for BP heads north of $40 billion amidst serious government charges.
September 14, 2012