Browne/BP: Don’t stick together

If two hunters are pursued by a bear, the survivor doesn’t have to outrun the beast. He only has to outrun his companion. Could the board of BP be following this sort of cruel logic? The oil company says the law forced its decision to freeze the payments it agreed to give Lord Browne, its former chief executive and John Manzoni, who is retiring as head of refining. The executives and the board are being sued in the US – for as much as $140m – for breaching fiduciary duties by taking a lax appro...