FIRST AIRED: April 6, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 4

×

Transcript

00:00:00
>> In big oil's board rooms, money talks. But for Bob Dudley of BP it's gone a little quieter. The chief executive seeing his salary slashed amid a shareholder revolt over his pay rising when profits have been falling into the red. Since the Gulf of Mexico explosion in 2010 left BP with a bill of $55 billion, low oil prices since pushing BP to a $6.5 billion loss in 2015.
00:00:25
Dudley was brought in to clean up after the deep water disaster, his pay will now be cut by 40%, although he still will earn over $11.5 million a year for outstripping his peers at Total and Shell.>> Being female hasn't limited or restricted me, but->> Dudley's not the first.
00:00:41
Glaxo's incoming boss Emma Walmsley is to get a quarter less than her predecessor. Last week record bankers saw his pay package cut by over a third. Amid a new mood of shareholder activism and public disapproval, for some fat cats, a little less cream. Though with 3,100 chief execs still averaging an estimated 5.5 million pounds each in 2015, the saucer is far from dry yet.