Written by queen mudder
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Topics: bp, Tony Hayward, Enron

Monday, 21 June 2010

image for J Clifford Baxter copycat suicide fears as Wall Street dubs Tony Hayward 'BP's Jeff Skilling''
Hayward sold off large chunks of his BP stockholdings just weeks before the Deepwater Horizon catastrophe

New York - (Off-the-Wall-Street): The January 2002 tragedy that saw beleaguered Enron Corpse executive J Clifford Baxter committ suicide in a Sugar Land, Texas parking lot is rearing its ugly head once again.

Big Oil traders fear a sinister twist on the Enron catastrophe following reports that BP executives - including CEO Tony Hayward - sold off substantial BP stock holdings just weeks ahead of the Deepwater Horizon fiasco.

Baxter cashed in $35 million worth of Enron shares immediately before the Enron's collapse.

He was found slumped by the wheel of his brand new Mercedes-Benz S500 with gunshot wounds to his head immediately before the criminal indictments of Ken Lay, Andrew Fastow, Jeff Skilling and others.

This week BigOilShagger! website reported that Wall Street giant Goldman Sux also offloaded substantial amounts of BP stock in late 2009 on fears of unspecified problems in the supermajor's corporate structure.

The 'Rats' and 'Sinking Ship' special purpose vehicles used to sell off the BP stock have sent shudders among Wall Street's energy traders.

Yesterday Hayward was pictured sailing his ocean going yacht the Titanic II in a Father's Day photocall special organised by Friends of the Earth.

Skilling is currently serving a 24 year jail sentence at a federal prison in Littleton, Colorado following a 2006 conviction for multiple counts of fraud and related insider dealing charges.

Ken Lay was pardoned by President George W Bush following a fatal post-trial heart attack.

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