£4m for boss who quit Rio Tinto
Saturday 16 March 2013
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.
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