BP will not pay bonuses for last year to any of the executive directors involved in the disastrous Gulf of Mexico spill, but the UK oil group has awarded partial pay-outs to two directors for meeting specific divisional targets, reports the FT. Bob Dudley, chief executive, his predecessor Tony Hayward and Andy Inglis, the former head of exploration and production who left BP last October, have all been denied an annual bonus for 2010 and no director will receive shares under the long-term remuneration plan from 2008-10, BP disclosed in its annual report. But Byron Grote, finance director, and Iain Conn, head of downstream, both received 30% of the full potential bonus payout for 2010 for reaching targets in their own divisions.

This entry was posted by Gwen Robinson on Friday, March 4th, 2011 at 4:27 and is featured in The 6am Cut London (4 Mar 2011), The Lunch Wrap (4 Mar 2011) . Tagged with Bob Dudley, bonuses, bp, oil spill. Edit this entry.