BP boss Dudley faces shareholder action over £14m pay

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BP holds its annual shareholders’ meeting on Thursday with some investors planning to vote against chief executive Bob Dudley’s 20% pay rise.

Shareholders in the oil giant are concerned that rises for Mr Dudley and other executives come despite job cuts and falling profits.
Those who have spoken out include Aberdeen Asset Management and Royal London Asset Management.
But BP said the firm’s performance beat most measures that determine pay.
The pay rise for Mr Dudley takes his salary package to £14m.

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