Skip the yacht race, and other rules about conspicuous consumption for embattled CEOs.
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BP’s walking-dead CEO Tony Hayward is getting tons of grief for going to a yacht race while the Gulf oil spill continued. It was a bad PR triple crown. First, the race was in the English Channel—a body of water not fouled (yet) by BP’s rogue well. Second, at a time when many people who make their living on modest boats in the Gulf of Mexico are facing long-term unemployment, he was watching a yacht race. [...]
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