Financial Services Industry
Industry: Email Alert RSS FeedGovernance Watch: Lord Browne sees the colour of BP's money.(Brief Article)
Pensions Week, April, 2004
Lord John Browne of Madingley at BP (AGM 15 April) is set to receive a remuneration salary of GBP1,316,000 and a bonus of GBP1,882,000, which is almost three times the average for a FTSE 100 chief executive officer (CEO) and five times the sector CEO average.
In addition, Browne received share grants and options with an aggregate value of approximately eight times salary. Upon retirement Browne could potentially receive a special award of 100% of salary in addition to his other pension arrangements. Shareholders will consider his remuneration in light of the strong financial performance of the group and its status in the FTSE 100 index.
Manifest's analysis found that among the non-executive directors Peter Sutherland, Charles Knight, Michael Miles,...
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