Gregory White
Business Insider
June 21, 2010

BP CEO Tony Hayward is set for a massive 10.8 million pound ($16 million) payout if he chooses to step down, according to The Telegraph.

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The sum, to be paid out in 500,000 pound annual installments ($742,700) could end up being higher, according to experts at Hargreaves Landsdowne.

This information comes to light just hours after it was revealed that BP’s own internal estimates have oil leaking out of the Deepwater Horizon site at 100,000 barrels a day.

BP is already pursuing debt auctions and asset sales to deal with the rising costs of the oil spill.

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