Warren Buffett, who since the banking crisis has become more vocal publicly in areas he has stayed away from in the past, said in an interview with Yahoo! News, that BP (NYSE:BP) CEO Tony Hayward will have to go.
“It’s not in BP’s interest to actually continue with him as CEO,” Buffett said in the interview. “I don’t know him personally and he may be the most wonderful guy in the world, but it’s not in their interest and not in our country’s interest to have him continue.
“When you have something of that impact on society, it’s like the captain of a ship. You’re responsible even though some second lieutenant made all the mistakes.”
A spokeswoman for BP, Sheila Williams, refused to comment on Buffett's statements.