Money | British Petroleum Hayward to Get $18M Golden Parachute Lawmakers slam payoff for Tony Hayward By Rob Quinn Posted Jul 27, 2010 4:51 AM CDT Updated Jul 27, 2010 7:36 AM CDT Copied Tony Hayward will be nominated for a position with BP's Russian operation, according to a company source. (AP Photo/Sean Gardner, Pool, File) Booted BP boss Tony Hayward will be getting a compensation package worth more than $18 million to soften the blow of having to step down amid heavy criticism. Hayward, who is leaving by mutual consent in October after 28 years with the firm, has a contract which includes a $930,000 annual pension the 53-year-old will be able to receive immediately, sources tell the BBC. That pension pot is worth around $16.5 million. He'll also receive a year's salary upon leaving, and retain share options potentially worth millions more—if the company recovers. And that's not all he's getting, reports the New York Post: Seems Hayward does get to keep some sort of job with BP...in Siberia. He'll be paid $55,000 a year for the part-time gig, which has him overseeing the development of oil fields as part of BP's joint British-Russian venture there. Read These Next Tillis, who opposes Trump bill, won't seek reelection. IAEA chief downplays damage to Iran nuclear sites. Musk renews attack on Trump's bill. Hall of Famer Dave Parker dies Report an error