Shareholders at BP gave the boss’s bonus the thumbs down on Friday, wiping 17.7 million euros from Bob Dudley’s package for 2015.
It was a rare investor revolt at the annual shareholders meeting, a reflection of the terrible year endured by the mighty oil company during which it made its biggest-ever loss.
When the result came in, with 59% of voters against Bob Dudley’s bonus, there were gasps. His pay and benefits rose 20% over the year, and are unaffected.
Dudley is credited with settling BP’s oil spill suit with the USA, but the record damages have pushed it into the red.
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