BP boss Bob Dudley set to take home £2m more this year thanks to falling pound
The American-born chief executive of Britain’s biggest oil company BP is set to take home about £2million more this year even without a pay increase thanks to the nosediving pound.
Bob Dudley lives in the UK but his annual salary and bonuses are paid in US dollars so his income will soar in real terms.
The currency windfall is likely to fuel an already simmering investor revolt over his bumper pay package.
Last year when BP made a $5.2billion loss, Dudley was paid $19.6million in total, which at the exchange rate at BP’s year-end in December of $1.48 to £1 equated to £13.2million.
If he is... read more
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