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BP Chief Faces Pay Protest At Annual Meeting

BP's board has awarded chief executive Bob Dudley a salary, bonus and stock package worth $6.8 million.

LONDON (AP) -- The chief executive of oil company BP faces protests over his pay package at the company's annual meeting.

BP's board has awarded chief executive Bob Dudley a salary, bonus and stock package worth 4.3 million pounds ($6.8 million).

The company's remuneration report, which includes Dudley's pay, is up for a vote Thursday at the annual general meeting.

The shareholder advisory group PIRC has urged shareholders to vote against the remuneration report. It said Dudley's compensation was hard to justify because the performance measures were unclear.

Last year, 11.6 percent of shareholders at the meeting voted against the pay resolution.

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