[miningmx.com] – BHP Billiton CEO, Andrew Mackenzie‘s remuneration fell 43% this year following weakness in the commodity market that saw the group’s profits tumble 52%, said Bloomberg News.
Citing the mining company’s annual report, which was published today, Bloomberg News said Mackenzie was paid $4.58m in the 12 months to end June representing his salary and incentive payments down from $7.98m a year earlier.
Mackenzie’s short-term incentive payments were affected by five worker deaths in fiscal 2015 and writedowns on the company’s US shale operations, BHP said. He didn’t receive his long-term incentive payments because the company underperformed its peers and the benchmark in returns to shareholders, said Bloomberg News.
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