Quote:
Originally Posted by mynameisjim
Well, BP had no bargaining power going into the meeting and Obama realized that and was able to get a staggering amount of money out them. My point is that I can think of several recent presidents who would not have asked for that money. Also, BP can not "close the books" on this because part of the agreement was that this is in no way a cap.
I have to disagree with your assumption that BP crunched the numbers and was happy to give up 20 billion. All the documents show they are about as stingy as a company can get when it comes to spending money even to the point of trying to save a few hundred thousand dollars. Everyone thinks they are so rich they don't care about money but that's not the case. No company enjoys cutting a 20 billion dollar check with no guarantee they will not have to pay more.
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appreciate your reply. who knows what went on behind the closed doors. i will say that $20b isn't a staggering # for bp though. and by closing the books, i mean they can certainly close the books internally. just like exxon and the valdez, we can try all we want to get more money but it never happened.