Bp Chief Paid Pounds-15,000 a Day Oil Industry Veteran Rewarded for Year of Bumper Profits with Pounds-5.65m Pay Package
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Summary
LORD John Browne of Madingley, chief executive of BP, was rewarded for the oil giant's stellar performance last yearwith a pounds-5.65m pay package - equivalent to more than pounds-15,000 a day.
According to BP's annual report, the 56-year-old oil industry veteran pocketed pounds-3.74m in pay and bonuses for 2004 when the record cost of crude sent profits soaring to pounds-8.7bn.See the full content of this document
Extract
Bp Chief Paid Pounds-15,000 a Day Oil Industry Veteran Rewarded for Year of Bumper Profits with Pounds-5.65m Pay Package
Browne was awarded a 5-per cent rise in his basic salary to pounds-1.4m last year and picked up an annual bonus of pounds-2.3m for meeting financial and leadership targets.
He also received pounds-1.46m of shares last F...See the full content of this document
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