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Wednesday, April 7, 2010 as of 11:14 AM ET

Carl Henric-Svanberg

Carl-Henric Svanberg

Carl-Henric Svanberg, born on May 29 1952 in Porjus, Sweden, is a businessman and current Chairman of BP and Volvo.

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BP Shareholders Show Anger At High Executive Pay

BP PLC (BP, BP.

LN) shareholders Thursday voiced their displeasure at the oil company's top management, accusing executives of having their "snouts in the trough," as some 11% of investors declined to back the company's pay awards.BP's annual general meeting almost two years since the Deepwater Horizon disaster in the Gulf of Mexico was also marred by scenes of environmental protests and a renewed revolt against Chairman Carl-Henric Svanberg, with more than 7% of shareholders refusing to support his reappointment.While both the remuneration report and motions to confirm senior directors remained in situ were endorsed by the vast majority of shareholders, the number of votes in opposition were a significant block for an event usually considered a formality.Chief Executive Bob Dudley was last month awarded a pay package of $6.8 billion, including bonuses, nearly four times the amount he made in 2010, when he and other directors eschewed bonus payments in the wake of the Deepwater Horizon ...

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  1. BP: Settlement With Private Gulf Claimants Days From Finalization

    BP PLC (BP) will "hopefully" conclude the $7.8 billion settlement provisionally agreed with thousands of individuals and businesses hurt by the Gulf of Mexico oil sp...

  2. BP Chairman : Survival Was At Risk After Gulf Disaster - Report

    The survival of BP PLC (BP) was at risk after the company was essentially shut out of lending markets following the Gulf of Mexico oil disaster in 2010, the U.K.-bas...

  3. Ex-BP Safety Chairman Castell To Quit Board

    The BP PLC (BP.LN, BP) director who became a lightning rod for investor criticism of the company's handling of the Gulf of Mexico oil spill has indicated he will ste...

  4. BP's Russian partners talk tough in Rosneft dispute

    By Vladimir Soldatkin and Tom BerginMOSCOW/LONDON (Reuters) - BP's partners in its Russian venture TNK-BP rejected the UK oil major's attempts to settle a dispute ca...

  5. BP's 4Q Profit Falls Short of Views

    BP (NYSE:BP) revealed fourth-quarter profits on Tuesday that trailed analysts’ expectations, but the U.K. oil giant unveiled plans to resume dividend payouts as it c...

  6. BP chairman says board to exert tougher control: report

    LONDON (Reuters) - BP's <BP.L> board will tighten its oversight of the oil group's day-to-day operations following the Gulf of Mexico oil spill, its chairman was quo...

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