BP CEO gets 25% pay rise while profits drop

BP Chief Executive Bob Dudley was given a 25 percent rise in total pay and bonuses in 2014 despite a drop in profits at the oil major, according to the annual report.

Dudley’s remuneration rose from $10.17 million in 2013 to $12.74 million last year, according to BP’s annual report released Tuesday. He also received $9.8 million in share awards. In January the company cuts its capital spending program and imposed a salary freeze, weeks after axing hundreds of jobs in Scotland and thousands more globally as a result of falling oil prices and profits. BP has frozen the pay of its 84,000 workforce around the world after a nearly 50 percent fall in crude prices since last summer .... http://rt.com/business