00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Former BP chairman Albert Manifold pushed back against accusations following his removal from
00:08the British Energy Company. In an emailed statement to CNBC, Manifold said he was dismissed
00:13without warning and without explanation, and disputes the characterization of his conduct.
00:19Manifold said he worked to cut costs and raise standards during his tenure,
00:23and vowed to challenge what he called a false characterization of his conduct.
00:27BP's board announced his removal on Tuesday, citing serious concerns over governance standards,
00:33oversight, and conduct. Manifold, the former boss of Irish building materials company CRH,
00:39had served as chairman for around seven months. BP shares fell 1.4% Wednesday,
00:46extending a 4% decline from the previous session. For all things money, visit benzinga.com.
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