BP on Wednesday said it will claw back up to $40.59 million in pay from ousted CEO Bernard Looney after the British oil giant concluded he "knowingly misled" the board regarding personal relationships with colleagues.
The company dismissed the Irishman without notice and said he will not receive further salary or benefits from the dismissal date, and nor will he be paid an annual bonus.
BP said it will pull back up
to 32.4 million pounds in remuneration from
former CEO Bernard Looney after the British oil giant concluded
he knowingly misled the board regarding personal.
The company dismissed him without notice effective Dec. 13 and said on Wednesday Looney will not receive further salary or benefits from the dismissal date, and nor will he be paid an annual bonus for fiscal 2023.
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