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Thursday, April 14, 2016

BP Shareholders Revolt Over CEO Pay Rise

Today's BP shareholders' meeting will be a stormy affair, as some investors are planning to vote against chief executive Bob Dudley's 20% pay rise taking his package to £14M.

Shareholders feel that the pay rise for the CEO and other executives are not appropriate given BP's job cuts and falling profits.

The BBC reports that those who have spoken out include Aberdeen Asset Management and Royal London Asset Management.

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