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BP may prefer new CEO over strategic investment
There are many problems for BP in accepting a strategic investor, it may prefer to dump its bosses instead and hope for the best.
BP appears to be close to plugging the leak in the Gulf of Mexico - but its troubles aren't over yet.
Its share price has fallen by half, which makes it vulnerable to a hostile takeover from its cash-rich rivals. Given the choice between attracting a strategic investor to defend it, and sacking the people at the top of the company, Charlie Parker argues the latter option is more likely.
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