The future of Bob Dudley at the head of BP seems untarnished by shareholders’ unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a period of weak oil prices. For the 60-year-old American, who was given the top job following the 2010 Deepwater Horizon oil spill, the vetoing of his $20 million compensation package is the first major faux pas in his time as chief executive. Such a shareholder revolt would claim many a CEO’s scalp but Dudley seems unlikely to be removed as investor confidence in his leadership remains strong.
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