Illustration from BIDNESSETC.COM
❝ Bob Dudley, the chief executive of BP, earned nearly $20 million last year – at a time when the company ran up the biggest losses in its financial history and axed thousands of jobs.
The $19.6 million remuneration bonanza was condemned by the High Pay Centre as another example of a company losing “contact with reality” when it came to handing out fortunes to top executives.
The 20% year-on-year increase in salary, shares and pension payments was revealed in the oil group’s annual report.
❝ Plunging crude prices and continuing liabilities emanating from the Gulf of Mexico oil spill in 2011 led BP to report a record 2015 deficit of $6.5 billion.
❝ The company said Dudley deserved his increase in total remuneration because he and his fellow directors had performed strongly at a difficult time…
Does anyone think the 7,000 workers who lost their jobs are off on holiday on the Riviera? They’re going on the dole. Making do until another job comes available in this stellar global economy managed from one disaster to another by pointy-heads on Wall Street and the City of London.
Who will continue to take care of their own.