BP Shareholder to Oppose `Insensitive' Pay Increase for CEO

  • 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.