BHP Billiton CFO earns $2m pay packet
Mining giant's annual report gives details of Alex Vanselow's $2m salary and cash bonus package, which excludes $1.4m of long-term incentive and retirement benefits
CFO Alex Vanselow was paid more than $2m (1m) by his BHP Billiton paymasters.
The information was disclosed in the FTSE 100 corporate’s annual report
published yesterday, in which it posted revenues of almost $40bn.
Vanselow assumed the CFO throne at the Australian miner on 1 April 2006.
When his retirement benefits and share-based payments – including long-term
incentives – are factored into the equation, as is required by the Australian
Corporations Act 2001 and the relevant accounting standards, Vanselow’s total
pay packet swells to $3.4m.
Further reading:
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CFO at world’s biggest mining group