Carl-Henric Svanberg

BP Chairman Carl-Henric Svanberg may be ousted as early as next month, primarily because he was so late in participating publicly in the oil company's Gulf disaster response, The Financial Times reports. The same report says that CEO Tony Hayward is hanging on to his position because of board support. But he may be forced to resign in August as well.

One day after he was grilled by Congress, BP CEO Tony Hayward will step down from day-to-day oversight over the Gulf oil spill, company chairman Carl-Henric Svanberg said Friday. "It is clear Tony has made remarks that have upset people," Svanberg said.

BP Chairman Carl-Henric Svanberg should probably skip Mardi Gras next year after insisting that the oil company responsible for the worst spill in U.S. history really does care about "the small people." Granted, he's Swedish, but where does BP come up with these shmoes?

BP Chairman Carl-Henric Svanberg and CEO Tony Hayward met with the president at the White House and agreed to several points aimed at ensuring compensation and claims from the oil spill are handled quickly and fairly.

After opening with another big drop, BP's stock popped sharply after the energy giant agreed to put $20 billion into escrow to pay for clean-up and damages caused by the Gulf oil spill. News of the suspended payout helped remove a further uncertainty.

BP Chief Executive Officer Tony Hayward reportedly says it hasn't crossed his mind to leave his job. That isn't his call to make. And if the BP oil spill hits Florida and oozes up the East Coast? Good luck.