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REUTERS
UK supermajor BP has reportedly agreed to cut about £5 million ($6.24 million) from chief executive Bob Dudley's maximum pay for the next three years in a bid to avoid a shareholder revolt. Sky News said that Dudley's maximum annual pay over the next three years will now be about £12.2 million ($15.22 million) including his salary, an annual bonus of £3.3 million and a long-term share incentive plan award worth up to £7.4 million. The previous package was worth up to £17.4 million pounds including the matching share awards.
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REUTERS
UK supermajor BP has reportedly agreed to cut about £5 million ($6.24 million) from chief executive Bob Dudley's maximum pay for the next three years in a bid to avoid a shareholder revolt. Sky News said that Dudley's maximum annual pay over the next three years will now be about £12.2 million ($15.22 million) including his salary, an annual bonus of £3.3 million and a long-term share incentive plan award worth up to £7.4 million. The previous package was worth up to £17.4 million pounds including the matching share awards.
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