WATCHING THE WORLD HORTON REPLACED AS CHIEF OF BP

With David Knott from London Robert Horton, chairman and chief executive of British Petroleum Co. plc until he was ousted June 25, died (in a metaphorical sense) as he lived. When he took control in 1990, Horton launched Project 1990, a program to cut the fat out of the giant company. He earned the nickname "Hatchet" Horton-and apparently was proud of it-on his way up the corporate ladder.

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