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May 22nd, 2007 by admin

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“The Liability of Cost Cutting: A CEO’s New Challenge” The Utilities Project Volume 7; By Jeanne DiFrancesco, ProOrbis, LLC By viewing organizational assets as investments, not costs, companies can create more value and improve ROI.

In the wake of the Baker report, BP’s CEO John Browne announced that he would retire 18 months early. He had been the leading proponent of the company’s entrepreneurial culture and decentralized philosophy. BP also issued a statement that laid the lion’s share of the blame for the explosion on lower-level workers and supervisors.

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