1. BP Slashes its CEO's Pay By 40%

    BP Slashes its CEO's Pay By 40%

    (Reuters) - BP has cut Chief Executive Bob Dudley's pay package by 40 percent to $11.6 million, the company said on Thursday, the latest British bluechip company to rein in executive pay after shareholder revolts.

    The nearly $8 million cut follows changes to the oil company's pay policy, including a 25 percent reduction in bonuses for reaching certain targets. Dudley's pay still remains well above that of bosses at BP's European rivals...

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