In making this split, BP is now looking to create a new safety unit that will rule the groups operations like an inquisition as Dudley grants it powers to audit on an ongoing basis every single operation around the world.

FORBES: BP's Dudley Cleans House Post-Deepwater Debacle

If the SEC decides to move ahead with the rule, it will create new enemies and enter a political minefield outside of its comfort zone.

FORBES: SEC's Political Disclosure Proposal Will Improve Corporate Governance

The new time-limit rule, and the possible exemptions at JFK, will create many difficult air traffic decisions when "push comes to shove" about who gets priority, he said.

CNN: Air traffic jams in New York likely to jump