Oil firm BP cuts CEO pay by â¹48 crore on shareholder revolts
Oil giant BP has cut CEO Bob Dudley's 2016 pay package by 40% (â¹48 crore) to $11.6 million (â¹75 crore) following shareholder revolts. The oil company has introduced changes from this year that will lower executives' performance incentives. Notably, executive pay has come under scrutiny in the UK following corporate scandals like the collapse of store chain BHS.