>> 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.
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.
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.