Jack B. Moore Western Hemisphere Operations. Moore was the president and CEO of the company already in 2010 when a BP oil rig exploded (called the Deepwater Horizon oil spill). It killed eleven workers and spilled millions of gallons of oil into the Gulf of Mexico. This caused one of the worst environmental disasters in US history. The company paid BP over $80 million in a negotiated settlement. Moore has a B.B.A. from the University of Houston. He is a graduate of the Advanced Management Program at Harvard Business School. Moore serves on the board of directors for the American Petroleum Institute (AP!)l,
Deepwater Horizon oil spill pension fund managers (who have large holdings of BP shares and rely upon its dividends) accepted that while BP had to pay compensation for the spill and the environmental damage, they argued that the cost to the company's market value from President Obama's criticism was far outweighing the direct clean-up costs. Initially, BP downplayed the incident; its CEO Tony Hayward called the amount of oil and dispersant "relatively tiny" in comparison with the "very big ocean." Later, he drew an outpouring of criticism when he said that the spill was a disruption to Gulf Coast residents and himself adding, "You