The oil spill that has threatened both the sea life and the economy in the Gulf Coast illustrates two major flaws in theof British Petroleum CEO Tony Hayward:
1. He allowed the company to run ahead of the technology available. The difficulty that BP had in capping the well under 5,000 feet of water shows that its leadership had no proven solution or fail-safe ready in case the worst happened … and it did.
2. He blindly trusted outsourcing. While BP continues to blame Swiss contractor Transocean for the disaster because it operated the oil rig, the fact remains that outsourcing doesn’t absolve you from knowing what’s going on and directing how your product or service is brought to market.
—Adapted from "BP Oil Spill: A Company Out of Its Depth?", Margaret Heffernan, bnet.com.