BP removes chair Albert Manifold after claims of bullying - Financial Times
Energy
BP has removed board chair Albert Manifold following bullying allegations, adding to a string of governance missteps at the UK oil major. The leadership vacuum and reputational overhang create a near-term setup where any stabilization trade competes directly with continued institutional selling on governance grounds.
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Angle
↓ SHORT-6% target+3% stop2-4 weeks
Fade the BP bounce — governance chaos and no clear successor chair keeps the stock under pressure toward $40 before any credible recovery bid emerges.