Wednesday June 3, 2020

BP shareholders reject pay deal for chief executive

17th April, 2016
4
Bob Dudley of BP: 20 per cent pay rise turned down

BP shareholders have rejected a 20 per cent pay rise for chief executive Bob Dudley.

“We know already from the proxies received and conversations with our institutional investors that there is real concern over the directors’ pay, in this challenging year for our shareholders. On remuneration, the shareholders’ reactions are very strong. They are seeking change in the way we should approach this in the future.”

Carl-Henric Svanberg, BP chairman

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