11 Business Leaders Who Profited After Failure

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Tony Hayward, former CEO of BP

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(REUTERS/Sean Gardner)

Hayward resigned from the British oil giant in 2010, following the Deepwater Horizon disaster in the Gulf of Mexico that killed 11 workers, fouled the Gulf with oil, and forced BP to set aside $41 billion for cleanup and other costs. Hayward got a year’s salary as severance—about $1.7 million—and now he’s starting a new energy firm called Vallares, which recently raised more than $2 billion in a London public offering.

Next: Mark Hurd, former CEO of Hewlett-Packard