Thread regarding BP PLC layoffs

Wimbledon Tickets?

Here's an update from the UK Telegraph. It's behind a paywall, so I've copied it here. Seems AM was also questioning the hospitality spend, with particular reference to highly expensive Wimbledon tickets. I recall seeing photos of BL and his partner at the tournament in July 2023. Nice to know who was really paying for them.

Ousted BP chairman hits back over ‘excessive’ spending
Dismissed chairman suggests his ‘determination to drive change’ is behind misconduct allegations

Albert Manifold said his cost-cutting measures, such as foregoing limousines and private jets, may have ‘ruffled feathers’

Christopher Jasper

The ousted chairman of BP has attacked a culture of “excessive” spending at the oil giant, including purchasing tickets for sports events such as Wimbledon.

Albert Manifold suggested he had been forced out of BP after raising concerns over “unnecessary expenditure”.

Mr Manifold was dismissed without warning on Tuesday, with people close to the BP board suggesting he had been shown the door because of a “volcanic” temper, “bullying” and “verbal abuse”.

However, in a 769-word statement published on Thursday, Mr Manifold said he had been the victim of “lies” from people hiding behind “anonymity”.

He said that during a 40-year career he had “never once had accusations made against me such as those made in recent days”.

During his eight-month tenure at BP, Mr Manifold is understood to have proposed a crackdown on unnecessary spending, such as some corporate events.

Events attended by board members at the expense of the company are said to have included Wimbledon.

A source close to Mr Manifold said: “He feels that that is one of the reasons the board turned on him. Some members didn’t share his commitment to cost-cutting and budgeting.”

Ousted BP chairman hits back over ‘excessive’ spending
Dismissed chairman suggests his ‘determination to drive change’ is behind misconduct allegations

Albert Manifold said his cost-cutting measures, such as foregoing limousines and private jets, may have ‘ruffled feathers’

Christopher Jasper
Transport industry editor
28 May 2026 4:21pm BST

The ousted chairman of BP has attacked a culture of “excessive” spending at the oil giant, including purchasing tickets for sports events such as Wimbledon.

Albert Manifold suggested he had been forced out of BP after raising concerns over “unnecessary expenditure”.

Mr Manifold was dismissed without warning on Tuesday, with people close to the BP board suggesting he had been shown the door because of a “volcanic” temper, “bullying” and “verbal abuse”.

However, in a 769-word statement published on Thursday, Mr Manifold said he had been the victim of “lies” from people hiding behind “anonymity”.

He said that during a 40-year career he had “never once had accusations made against me such as those made in recent days”.

During his eight-month tenure at BP, Mr Manifold is understood to have proposed a crackdown on unnecessary spending, such as some corporate events.

Events attended by board members at the expense of the company are said to have included Wimbledon.

A source close to Mr Manifold said: “He feels that that is one of the reasons the board turned on him. Some members didn’t share his commitment to cost-cutting and budgeting.”

In response, a source close to BP suggested it would not have been unusual for the firm to take up tickets to entertain business clients at events such as Wimbledon.

BP also has a history of hosting politicians – many of whom have backed the oil industry – at the tournament, and was revealed in 2023 to have donated tickets worth more than £4,200 to two MPs and a government minister.

Before his removal, Mr Manifold reportedly clashed with BP’s company secretary and board member Ben Mathews over costs.

Mr Mathews, whose role is to advise the board on corporate governance, was a key architect in the push to oust Mr Manifold, according to the Financial Times. He has since been put on medical leave because of stress after having dealt with the departures of Mr Manifold and his predecessor Helge Lund in quick succession.

BP did not immediately respond to requests for comment regarding spending by directors.

In his statement, Mr Manifold said he was dismissed after he had “sought to streamline and refresh the board and started to advocate for a review of the workings of the board to improve efficiency”.

Called out excessive expenditure
Mr Manifold said he had wanted to “set an example” at BP and detailed how he demonstrated this by making his own coffee, buying his own lunch and resisting the use of private jets.

He added: “Where I saw unnecessary or excessive expenditure, I called it out. I had no interest in having a dedicated chauffeur-driven limousine at my beck and call on the occasions that I was in London.

“I, like most people, walked, took taxis, trains, etc. I had no interest in taking private aviation nor in availing myself of corporate tickets for sports events. I made my own coffee and bought my lunch in the local café. I sat in a small office, eschewing the grand corner-office privilege of previous chairmen.”

However, he said, those priorities “were not always shared by everyone”.

He added: “In business, small signals matter in driving change and contribute to ensuring no company has a culture of entitlement.

“All of this was my attempt to ensure the continuing independence and transparency of the board and the ongoing improvement in oversight and governance.”

Mr Manifold praised BP’s chief executive Meg O’Neill, its chief financial officer Kate Thomson and the wider executive team as being “among the finest people I have worked with”, saying they were “brimming with integrity”.


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Post ID: @OP+1ksr4s7ev

4 replies (most recent on top)

This is high end international business. To succeed, to quote Logan Roy, you have to be a ki-ler. The culture of uk listed companies dictates that those traits are now not palatable. Which means a slow demise of British industry.

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Post ID: @dx+1ksr4s7ev

He did not get booted for opposing $4200 Wimbledon tickets. Gimme a break. AM is clearly lying and there’s more to it than that. His bullying and Trumpesque mannerisms might have more to do with it.

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Post ID: @dw+1ksr4s7ev

https://www.telegraph.co.uk/business/2026/05/28/ousted-bp-chairman-accuses-staff-lies-over-bullying-claims/

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Post ID: @c7+1ksr4s7ev

@OP Another article from The Telegraph asking if BP is ungovernable. I have copied over a very pertinent excerpt.

28 May 2026

Now, Manifold is vehemently disputing most of what has been said about him and considering legal action, at which point it is hard not wonder whether the problems at BP go much deeper than someone in power raising their voice on a handful of occasions.

Rather than an individual who was out of control, the impression is of a company that has become ungovernable and deeply dysfunctional.

Dame Amanda Blanc is likely to come under pressure to allow an independent investigation into BP.

If Manifold’s dismissal was the exception, that might be an unfair charge. But it’s not – not even close. BP is on its fifth chief executive and third chairman in six years.

How is that even possible? If that had happened at almost any other business, there would be calls for it to be dissolved on the basis that it was beyond reform. That it could happen at a £80bn crown jewel of UK plc often likened to an arm of the diplomatic service is mind-boggling and deeply concerning in equal measure.

There is obviously no place for bullying in the workplace and if that’s what Manifold is guilty of, he probably deserved to go. But the strength of his riposte is sufficient to ask whether he is merely the latest scapegoat for a much broader and serious malaise at BP.

Questions must be asked of a board led by independent director Dame Amanda Blanc, as well as whether BP is infected with a deeply insular culture that means it is not just resistant to change but hostile towards outsiders such as Manifold.

The 63-year-old says he accepts the board’s decision but “what I do not accept is that lies can be told about me, nor that anyone should be allowed to hide behind anonymity when commenting on my time at BP”.

Is it possible that in his “determination to drive change”, he “pushed hard and challenged people directly? Yes, it is”, Manifold acknowledges. However, “there is a considerable distance between driving an organisation with urgency and the characterisation of my conduct that is now being put about”, he argues.

As rebuttals go, it’s about as emphatic as you’re likely to find. Time will of course tell which account of what happened is most accurate but it undoubtedly turns the microscope on those who have been so quick to oust him.

It is worth remembering too that Manifold was brought in with a clear remit to shake things up amid concerns that BP, having pledged to refocus on oil and gas, was moving too slowly under Looney’s replacement Murray Auchincloss.

As Manifold points out, he discovered “a company that ... lacked strategic cohesion and direction ... clarity on messaging, urgency of delivery, and ... those issues could have impacted shareholders’ interests”.

He then “sought to accelerate cost reduction, simplify the portfolio and strengthen the balance sheet”, which seems like an entirely reasonable course of action given the circumstances. More importantly, wasn’t it what he was brought in to do?

Could it be that in doing so he ruffled a few feathers? It almost seems unthinkable that he wouldn’t have done but putting a few noses out of joint is not necessarily the same as “bullying” and being “too aggressive” as the off-the-record briefings from BP representatives have suggested.

Reports that Manifold clashed with company secretary Ben Mathews are not necessarily evidence that the chairman behaved improperly. They could just as easily point to certain individuals wielding too much power.

The board, led by Blanc in her capacity as senior independent director, must now consider whether it is the problem, rather than the individuals it keeps firing.

Blanc has been there since 2022, during which time Looney has gone – albeit after he failed to disclose workplace relationships – and Manifold’s predecessor Helge Lund.

She approved Auchincloss’s election and his departure two years later. Most damning of all, Blanc not only led Manifold’s appointment but was clearly instrumental in his dismissal.

It is mightily telling – deliberately so one suspects – that Manifold makes a point of how he “sought to streamline and refresh the board”, which involved “a review of the workings of the board to improve efficiency and effectiveness”.

Talk of ensuring “the continuing independence and transparency of the board and the ongoing improvement in oversight and governance”, sounds like there were concerns over how it functioned.

Could this be the real reason for his departure – that some board members took exception to such scrutiny and Manifold’s attempts at imposing change on them?

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Post ID: @a3+1ksr4s7ev

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