BP slashes Dudley’s maximum payout by £5m to avert new revolt

BP has agreed to slash millions of pounds from its chief executive’s maximum pay deal for the next three years in a bid to head off the threat of a fresh shareholder revolt.Sky News has obtained the details of the FTSE-100 oil giant's future pay policy - which will be disclosed in its annual report later this week amid intense political scrutiny of boardroom pay packages.Insiders briefed on the terms of the deal that will be awarded to Bob Dudley, BP's chief executive, said the company had