Tony Hayward Teams With Nat Rothschild For Post-BP Comeback (Forbes)

A comeback for Tony Hayward, seriously?

Beyond Stupid: BP CEO Tony Hayward:

“The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume.”

Related info:

Who runs the show here?

Former Governor Jesse Ventura on The View: ‘The Federal Reserve Runs The Country’, ‘I Call Homeland Security The GESTAPO’, ‘Last Year Alone The Government Classified 16 Million Documents Top Secret’

And the Federal Reserve is run by private banksters (controlled by the Rothschild’s) and is no more Federal than Federal Express.

30 Facts – The Rothschild Bankers Planned The Gulf Disaster

– Former governor Jesse Ventura Conspiracy Theory: ‘Gulf Coast Oil Spill’

Tony Hayward Teams With Nat Rothschild For Post-BP Comeback (Forbes, Jun. 17 2011):

Redemption. Second chance. Comeback. Whatever you want to call it, we all deserve at least one, and Tony Hayward’s is well under way. Less than a year after leaving BP, Hayward has teamed with banking scion Nat Rothschild to forge a new future.

This week they celebrated the pubic listing of Vallares, a blank-check investment vehicle through which they intend to acquire as much as $10 billion in oil and gas assets. Investors were so keen to extend Hayward a new lease on life that the IPO raised $2.2 billion, far more than the $1 billion initially planned.

Insiders have said it is very likely that Hayward will end up running the company and that investors were very comfortable with him, despite that whole Gulf of Mexico oil spill thing. (See my interview last year with Tony Hayward.)

Investors are also very comfortable with Rothschild. The 41-year-old has in recent years turned away from his free-wheeling, hard-partying days and has become a certified rainmaker. (Here’s some past profiles of Rothschild in the Daily Mail, Telegraph, and New York Times.)

Prior to Vallares, Rothschild created Vallar, a similar investment vehicle through which he raised $700 million then last year bought $3 billion worth of coal assets from Indonesia’s billionaire Aburizal Bakrie family.

At the heart of Rothschild’s deal-making ecosystem lies Glencore. The banker is a friend of Glencore boss Ivan Glasenberg and also chummy with Russian oligarch Oleg Deripaska, whose aluminum giant Rusal is part-owned by Glencore. Rothschild’s Vallar and Glencore both have big shareholdings in mining company Bumi. And when Glencore went public last month Rothschild scored a 50% return on some $30 million in Glencore convertible bonds he bought in 2009.

Rothschild was instrumental in bringing in the controversial Simon Murray as Glencore’s new chairman ahead of its IPO. He also helped pave the way for Tony Hayward to take a spot on the Glencore board of directors.

At Vallares, look for this dynamic duo to focus on targets in Russia and the Middle East, where both men have ample relationships with players who would likely prefer to make deals with a small, nimble operator than with the likes of gargantuan BP. Other founders of Valleres include former Goldman Sachs banker Julian Metherell and investor Tom Daniel.

Reuters figures that if the team is successful in building the company to some $8 billion in market cap, they could stand to glean upwards of $1 billion in the value of their shares.

It’s worth noting that despite the Rothschild family’s great wealth and storied history, in recent years no Rothschilds have made the ranks of the Forbes list of global billionaires. That’s because our team has been unable to prove that any individuals make the cut. Nat Rothschild might soon make the cut.

Any thoughts on what the Rothschild clan is worth? Please leave a comment below.

1 thought on “Tony Hayward Teams With Nat Rothschild For Post-BP Comeback (Forbes)”

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.