No one can accuse Tony Hayward ofcourting popularity. Ayear after whining that "I would like my life back" as he toured an oil-slicked Louisiana beach in the wake of 2010's Deepzvater Horizon disaster, the former BP chief executive found a new way to show off his vast sense of entitlement. Hayward joined forces with partners, including a senior Goldman Sachs Group alumnus and a scion of the Rothschild dynasty, to launch Vallares, a London-based shell company that raised ￡ 1.3 5 billion ($2.18 billion) in an initial public offering on the London StockExchange in June. Already inviting criticism by consorting with bankers, he also blessed a corporate structure that has allowed less-than-transparent emerging-markets companies to list in London and the U.S.
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