BP Shareholder to Oppose `Insensitive' Pay Increase for CEOBy
Explorer reported record net loss last year as oil slumped
Dudley's pay was $19.6 million, 20% more than previous year
Royal London Asset Management Ltd. will vote against a 20 percent pay increase for BP Plc’s Chief Executive Officer Bob Dudley, calling it “unreasonable and insensitive” at a time oil’s crash has driven down the company’s earnings.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.