City AM piece today about BP CEO7 Feb 2024 18:54
Can someone within City AM tell them to remind their boss..
Literally a quote below from their article today on BP CEO..FFS please remind Mat the prat of what he is there to do!!!
‘What Auchincloss displayed yesterday was an occasionally rare understanding of who a company is run for: its shareholders.
In the year to come it will be more important than ever that CEOs remember that. Politicians are queueing up at the City’s gates to demand more from business under the guise of a ‘partnership’ between the public and private sector.
They will be asked to do the right thing, show some leg on purpose. That’s all fine and dandy but it isn’t what a business is there to do: it is to deliver, day after day, for shareholders. That means, mostly, maximising value.
And that means delivering what investors and shareholders want – regular returns, with long-term prospects.’