Tag Archives: ​‘Excessive’ Perks: BP Boss Receives £1.7M In Pension Benefits

​‘Excessive’ Perks: BP Boss Receives £1.7M In Pension Benefits, Despite Profit Fall – 13 April 2015

RT logoCampaigners in the UK have labeled BP chief executive Bob Dudley’s pension scheme “excessive,” after the oil tycoon pocketed £1.7 million in pension benefits last year.

Dudley’s award is roughly 10 times the average pension payment received by a FTSE 100 director and 62 times the average annual salary in the UK.

News of his benefit prompted hostility after BP posted a 10 percent fall in profits in February.

The oil giant also announced it would be cutting capital expenditure by between $4 billion and $6 billion this year.

This is in addition to £665 million cost-cutting drive, which involves sacking 200 full-time onshore positions and 100 contractor roles from its North Sea workforce.
Read the full story at: www.rt.com / link to original article