[miningmx.com] – THE UK’s largest mining companies cut pay of their CEOs by an average 23% last year as boards punished top managers for failed deals, said Bloomberg News citing data compiled by the news agency.
Average compensation for the 13 CEOs at companies valued in excess of $1.6m skidded to $3.6m in calendar and fiscal 2012 from $4.7m in 2011, Bloomberg News said.
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