April 6 (UPI) -- British energy company BP said it cut the pay for CEO Bob Dudley as part of a measure that links salaries to the outcome and delivery of the corporate strategy.
The company announced Thursday that Dudley's total remuneration last year was 40 percent lower than 2015 at $11.6 million. BP shareholders had voted against a raise for Dudley as the company struggled through the weakened energy market. The company ordered a review of its policies in the wake of the revolt and the results were disclosed Thursday.