June 2017
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BP bosses laughing all the way to the bank

While BP is forced to throw tens of billions of shareholders’ money into the pockets of US lawyers, BP’s bosses probably aren’t too worried about their own wealth. Last year Tony Hayward took home £4m in salary and bonuses, up 40% from the previous year as a reward for his cost (and corner?) cutting. BP’s Chairman Carl-Henric Svanberg and other execs also got large salary increases.

While shareholder money evaporates faster than the oil in the Gulf of Mexico, BP bosses seem to have been filling up their own bank accounts. No surprise there then.

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