Round Up: Pounds 5m Payoff

Daily PostMarch 07, 2007

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Summary


BP's chief executive Lord Browne is in line for a payment of nearly pounds 5.3mwhen he retires in July.

Lord Browne, who has come under attack after disasters including the deaths of 15 workers in the 2005 Texas City refinery fire, announced in January that he would step down earlier than originally intended. BP's annual report reveals that when he goes he will get a lump sum equivalent to his full pounds 1.57msalary, a testimonial payment worth another year's wages, and bonus worth pounds 2m.

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Round Up: Pounds 5m Payoff

After 40 ye...

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