Controversy over Executive Remuneration at BP Case Solution
This is just an excerpt. This case is about FINANCE & ACCOUNTING
PUBLICATION DATE: June 21, 2016
In March 2016, BP revealed that its President, Bob Dudley, would get a $19.6 million remuneration package, a 20% boost in overall settlement over the previous year. BP validated the quantity, stressing that the business provided strong outcomes in spite of an incredibly difficult environment, that included an almost 50% drop in oil rates. Investors questioned the huge payment and eventually turned down BP's remuneration report in April 2016. Was BP right to provide a generous pay plan regardless of the market depression? Or was it "insensitive and unreasonable," as investor Royal London Property Management declared?
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