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BP shareholders reject pay deal for chief executive

BP chief executive Bob Dudley speaks during the World Gas Conference in Paris on June 2, 2015
AFP

London (AFP) – BP shareholders on Thursday rejected a pay deal worth $19.6 million (17.3 million euros) for chief executive Bob Dudley amid heavy losses and job cuts at the oil giant.

Only 40.89 percent voted in favour of the deal in a non-binding vote which highlighted shareholder discontent at BP’s annual general meeting in London.

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