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5-1 Discussion Oil Spills

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Q • Did BP respond in a manner that was appropriate to stockholders or did they take a stakeholder view? In making your determination, what were the primary factors that you considered? Provide specific examples, where applicable.• If you were the CEO of BP at that time, what would you have done in the hours, days, and weeks after the explosion?

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I think that BP responded in a manner that was not required to be responded according to the interests of the stockholders. This is because of the aspect that the stockholders are supposed to always obtain a view on stocks which is like a long-term view on stocks. In other words, BP is supposed to respond in a way in which the stockholders would be able to get a long-term view on stocks and not a short-term view on stocks (Lussier & Sherma, 2014). However, by informing about the stockholders about changes and fluctuations taking place every minute, or in every hour, BP did not respond in a manner that was appropriate to stockholders.