BP faces shareholder discontent over CEO's $20M pay pack

April 14, 2016 12:31 PM

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LONDON – BP says it's ready to listen to shareholder concerns about its executive compensation policy after some of the company's largest shareholders opposed plans to increase CEO Bob Dudley's pay package by 20 percent to $19.6 million even after earnings plunged.

Aberdeen Asset Management, which manages more than 290 billion pounds ($411 billion), was among those complaining BP's award system was too complex.

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