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MARKET TALK: Corporate Accountability? What A Quaint Idea

Thu, 29th Jul 2010 17:24

12:24 (Dow Jones) BP's surprisingly strong 2Q revenue, reported earlier this week, combined with plans to sell $30B in assets has turned several analysts bullish. "It doesn't seem to matter BP was responsible for the worst environmental disaster in American history," former labor secretary Robert Reich says. "Consumers worldwide -- including Americans -- continue to slurp up its oil." He's also outraged no laws have been changed in wake of the BP spill. "If BP emerges from this debacle fatter and happier than anyone imagined a few months ago, whatever happened to the idea of corporate accountability?" Reich ponders. "Does this mean any giant corporation can wreak havoc and then get back to business as usual?" (steven.russolillo@dowjones.com) (http://robertreich.org/post/871953539/the-final-lesson-of-bp) Call us at (212) 416-2184 or email paul.vigna@dowjones.com Visit the Market Talk blog at http://www.djnmarkettalk.com (END) Dow Jones Newswires July 29, 2010 12:24 ET (16:24 GMT)

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