Imagine this hypothetical: An independent oil company executive accuses BP of offering him a job if he’ll stop competing against a BP subsidiary — a potentially illegal dealing under federal criminal law. BP denies the accusation for months. Then, suddenly, its in-house counsel releases a two-page memo summarizing the results …
President Barack Obama promised in his Oval Office speech that an “independent third party” would be responsible for overseeing the distribution of $20 billion in funds set-aside to compensate those harmed by the BP oil spill disaster. Apparently, though, “independence” is all in the eye of the beholder. When that …