The company has separately been facing controversy this week with the launch
of a report into the
at its Texas City oil refinery.
The departure of Grote, who is the same age as Browne, had been expected at a
similar time to that of the chief executive. ‘We expected the Browne and Grote
twosome to go together’ said Peter Hitchens of Teather and Greenwood.
But BP sources indicated
that different rules could apply to both of them.A
BP spokesman said his
nationality could mean he will stay on. ‘He’s from the US and I don’t think
there’s a formal retirement age under US rules.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements