BP Wrongfully Withdraws $40 Million From Former CEO Looney

Written by Paulo Nogueira

Published on 13/12/2023 at 14:21

Updated on 13/12/2023 at 14:22

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BP Will Withdraw £32.4 Million in Compensation from Ex-CEO Looney Following Investigation into Inaccurate Communication and Personal Relationships.

BP announced the withdrawal of up to £32.4 million (US$ 40.59 million) in compensation from former CEO Bernard Looney, after the British oil giant concluded that he ‘knowingly deceived’ the board regarding personal relationships with colleagues.

The company decided to terminate the former chairman without notice as of December 13, stating that Looney will not receive any more salaries or benefits from the date of dismissal, nor will he receive an annual bonus for the fiscal year 2023.

Irish Looney resigned in September effective immediately, after less than four years in the role, for not fully disclosing prior personal relationship details with colleagues.

ARTICLE CONTINUES BELOW

Ex-CEO of the BP Oil Giant Accused of Providing Inaccurate and Incomplete Information

After careful consideration, the board concluded that by providing inaccurate and incomplete assurances in July 2022, Mr. Looney knowingly deceived the board ‘, BP said in a statement on Wednesday. The Chief Financial Officer Murray Auchincloss has been serving as interim CEO while the oil company conducted an investigation into the accusations against Looney and a search for Looney’s successor.

($1 = £0.7983)

(Reuters – Reporting by Prerna Bedi and Pushkala Aripaka; Editing by Devika Syamnath)

Former BP CEO Under Investigation

After careful consideration, the board concluded that by providing inaccurate and incomplete assurances in July 2022, Mr. Looney knowingly deceived the board ‘, BP said in a statement on Wednesday. Chief Financial Officer Murray Auchincloss has been serving as interim CEO while the oil company conducted an investigation into the accusations against Looney and a search for Looney’s successor.

(Reuters – Reporting by Prerna Bedi and Pushkala Aripaka; Editing by Devika Syamnath)

Former BP President Faces Accusations of Deceiving the Board

After careful consideration, the board concluded that by providing inaccurate and incomplete assurances in July 2022, Mr. Looney knowingly deceived the board ‘, BP said in a statement on Wednesday. Chief Financial Officer Murray Auchincloss has been serving as interim CEO while the oil company conducted an investigation into the accusations against Looney and a search for Looney’s successor.

(Reuters – Reporting by Prerna Bedi and Pushkala Aripaka; Editing by Devika Syamnath)

Former BP Director Accused of Providing Misleading Information

After careful consideration, the board concluded that by providing inaccurate and incomplete assurances in July 2022, Mr. Looney knowingly deceived the board ‘, BP said in a statement on Wednesday. Chief Financial Officer Murray Auchincloss has been serving as interim CEO while the oil company conducted an investigation into the accusations against Looney and a search for Looney’s successor.

(Reuters – Reporting by Prerna Bedi and Pushkala Aripaka; Editing by Devika Syamnath)

Source: AtCoMedia. Inc

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BP Wrongfully Withdraws $40 Million From Former CEO Looney

BP Will Withdraw £32.4 Million in Compensation from Ex-CEO Looney Following Investigation into Inaccurate Communication and Personal Relationships.

Ex-CEO of the BP Oil Giant Accused of Providing Inaccurate and Incomplete Information

Former BP CEO Under Investigation

Former BP President Faces Accusations of Deceiving the Board

Former BP Director Accused of Providing Misleading Information

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BP Wrongfully Withdraws $40 Million From Former CEO Looney

BP Will Withdraw £32.4 Million in Compensation from Ex-CEO Looney Following Investigation into Inaccurate Communication and Personal Relationships.

Ex-CEO of the BP Oil Giant Accused of Providing Inaccurate and Incomplete Information

Former BP CEO Under Investigation

Former BP President Faces Accusations of Deceiving the Board

Former BP Director Accused of Providing Misleading Information

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

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