New Deal Puts Bhp Chiefs in Line for a Pay Bonanza

Evening Standard - London › September 17, 2004

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Summary

SHAREHOLDERS in Anglo-Australian miner BHP Billiton are combing the fine print of a proposed incentive package that could deliver an avalanche of payments to the company's executives, but also sets high performance hurdles.

Most of the elite have seen their pay packets swell by at least 25% in the past year with high commodity prices leading to booming profits and share price. A new long-term incentive plan could deliver many times that.

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New Deal Puts Bhp Chiefs in Line for a Pay Bonanza

Chief executive Chip Goodyear topped the list with a packa...

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