3
2
2
July 26
New York
Public Health officials are now talking about the need for public evacuation in areas of Louisiana effected by the BP Oil Spill in the Gulf.
The concern, however, seems to be more about the chemical dispersant "Corexit" used by BP to break up the surface oil, than the oil itself.
Details about the health hazards of Corexit and how its use helps BP hide the details of the spill from the public are available from many sources (See the end of this article for two.)
What hasn't been discussed in public, however, is the economic element to this story.
NALCO the Illinois-based company which produces Corexit profits exceedingly well.
It's CEO, Erik Frywald, earned over $5 million dollars last year, according to the following listing (source: Forbes.com)
ERIK FRYWALD
Compensation for 2009
- Salary $850,000.00
- Restricted stock awards $2,618,001.00
- All other compensation $163,282.00
- Option awards $ $1,024,944.00
- Non-equity incentive plan compensation $964,620.00
- TOTAL
COMPENSATION $5,620,847.00
1 | 2
