Senators Urge BP to Suspend Shareholder Dividends

Wednesday, 02 Jun 2010 03:14 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
BP should suspend any plans to pay out shareholder dividends until the full costs for cleaning up the massive Gulf of Mexico oil spill are calculated, U.S. Senators Charles Schumer and Ron Wyden said on Wednesday.

"We find it unfathomable that BP would pay out a dividend to shareholders before the total cost of BP's oil spill clean-up is estimated," the senators wrote in a letter to BP CEO Tony Hayward.

Both senators are Democrats and Schumer is a member of the Senate Democratic leadership team.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved