Off-Topic: More bad economic news.....sigh......

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	Name:	Talullahhound -
	Subject:	More bad economic news.....sigh......
	Date:	6/17/2010 11:05:16 PM

Would it make you feel better if BP give it out?

BP is in a PR nightmare. Not paying out a dividend saves the company money. Any shortfall to their stock price will be only temporary. It also makes the company seem both "responsible" and "suffering the effects of the tragedy".

There is no shakedown. You and I both know that BP will likely never pay out half of that money, and making the "commitment" might offset some of the lawsuits by "the little people". It's strictly a PR move to show that they are "concerned" and regretful. It's like the CEO appearing before Congress. He's a Brit, and he doesn't care about our Congress. But, it's a wonderful free opportunity to let people see how "sorry" the CEO is about the situation. What is a few hours of his time listening to a bunch of American politicians prattle on?

It's multinational company. I don't have any sympathy for them at all.