Former BP CEO Bernard Looney Loses $40 Million Severance Due to Misconduct
TL;DR Summary
Former BP CEO Bernard Looney will lose out on up to $40.6 million in compensation due to his abrupt resignation over past relationships with colleagues. The amount includes the maximum potential value of salary, pension payments, deferred bonuses, and other compensation he might have received before taxes.
- BP Docks Former CEO Bernard Looney as Much as $40 Million Over 'Serious Misconduct' The Wall Street Journal
- BP’s former CEO is forfeiting $40 million in severance for misleading company board CNN
- BP denies ex-CEO Looney a $41 million payout, saying he misled the firm over work relationships The Hill
- BP pulls back $40 million in pay from former CEO Looney CNBC
- Former BP boss Bernard Looney to forfeit up to £32.4mn after 'serious misconduct' Financial Times
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