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Showing posts with the label Lord Browne

Well Oiled

Next time you fill up your car at the petrol station think about B.P. retiring boss , Lord Browne .

Due to retire this coming July , it is estimated that his parting reward will be £5.3 million and a pension pot of £21.7 million which will provide him with a million a year . Add to that shares worth £14 million and performance-related shares that could be worth up to £30 milllion over the coming years. His accumulated wealth could potentially add up to £72 million .

Leaving present
Pension pot
Accumulated shares
Share options
Performance shares
Up to £30m

This , of course , when the US Chemical Safety and Hazard Investigation Board criticised B.P. for cost-cutting orders from senior executives in BP's London headquarters that impaired safety at the Texas City refinery resulting in an explosion which killed 15 people and injured hundreds more and that those executives failed to provide effective safety leadership and failed to provide …