Chapter 14

Managerial Problem Risk and Limited Liability:

Mark Long and Angel Gonzalez, “Transocean Seeks Limit on Liability,” Wall Street Journal, May 13, 2010, David Leonhardt, “Spillonomics: Underestimating Risk,” New York Times, May 21, 2010, Andrew Ross Sorkin, “Imagining the Worst in BP’s Future,” New York Times, June 7, 2010, “BP Reports $4.9bn Annual Loss after Oil Spill Costs,” BBC News, February 1, 2011, Sabrina Canfield, “BP, Transocean Wrangle Over Insurance,” Courthouse News Service, February 28, 2011, Jef Feeley and Allen Johnson Jr., “BP Wins Final Approval of Guilty Plea Over Gulf Oil Spill,” Bloomberg ...

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