Norway oil fund moots radical revamp of executive pay
The $910bn Norwegian oil fund will urge company boards to end long term incentive schemes, and also cap the possible pay for chief executives, head Yngve Slyngstad told the Financial Times. (FT)

BP slashes CEO’s pay after shareholder revolt
UK oil giant BP on Thursday announced a 40% cut in the 2016 pay for chief executive Bob Dudley, while also reducing the amount he can receive in future, amid a shareholder revolt. (Independent)