Page 43 - Steve Easterbrook News Today

The oil giants board led by industry veteran Helge Lund decided to strip Looney (pictured) of £32m in pay and bonuses.

Bernard Looney resigned unexpectedly as the head of the British energy major in September after admitting he had not been "fully transparent" about the issue.

Bernard Looney has been denied a multimillion dollar payout after he was found to have misled the company over his past relationships with colleagues, the energy giant said.

Failure of former chief executive of BP to disclose past relationships with colleagues leads to loss of severance pay and benefits.

Bernard Looney resigned unexpectedly as the head of the British energy major in September after admitting he had not been fully transparent about the issue.

BP’s board said on Wednesday that Looney will not receive further salary or benefits from the dismissal date, and will not be paid an annual bonus for fiscal 2023

Former boss to lose entitlement to pay and benefits following internal investigation

BP on Wednesday denied its former chief executive of more than £32-million ($40-million) payout because of his failure to disclose past personal relationships with colleagues.A year earlier, Brian Krzanich stepped down as chief executive of US computer chip giant Intel over a "past consensual relationship" with an employee in violation of the company's non-fraternisation policy. phz/srg/cw

BP on Monday cut over $40 million in compensation from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships with colleagues. ...

BP on Wednesday denied its former chief executive of more than £32-million ($40-million) payout because of his failure to disclose past personal relationships with colleagues.