[miningmx.com] – NICK Holland, CEO of Gold Fields, took a 45% cut in pay during the gold firm’s 2013 financial year, said Bloomberg News citing Gold Fields’ annual report which was published on March 31.
Holland was paid R24.9m in salary, benefits and share awards in 2013 compared to R45.3m the previous year. He declined a cash bonus following governance failings related to the sale of a stake of its South Deep mine in 2010, Bloomberg News said.
“We’re always told there’s no money for the workers,’ Livhuwani Mammburu, a spokesman for the National Union of Mineworkers, told the newswire. “Whether you’re earning R25m or R45m, it shows there’s plenty of money available for executives.’
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