Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

£4m for boss who quit Rio Tinto

 

Saturday 16 March 2013 01:14 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Rio Tinto's former chief executive Tom Albanese saw his total pay, bonus and benefits jump by nearly 10 per cent in 2012, despite a $14.4bn (£9.5bn) writedown which led to his resignation.

Mr Albanese's total payout rose by 9.5 per cent to £4.36m last year, despite forgoing a "short- term" bonus, as the value of his long-term bonus awards increased from £1.4m to £1.7m. His pension payments increased to £1.3m. The new CEO Sam Walsh, who took over in January, saw his total remuneration rise to £4.6m.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in