Shareholders delivered a stinging rebuke to BP on Thursday by rejecting the oil company’s decision to give CEO Bob Dudley a 20% pay hike last year. About 59% of them voted against Dudley’s pay and benefits package — worth $19.6 million — at an annual meeting in London. But he will still get the money.
The bumper payout came despite an annual loss of $5.2 billion, a collapse in the group’s share price, and plans to shed 7,000 jobs by the end of 2017.
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