Rio Investors Eye Changes to Miner’s Executive Bonus Scheme

By International Business Times,  July 09, 2012, 07:36:32 PM EDT

Rio Tinto ( RIO ) investors have joined the growing global trend against excessive executive bonuses and compensation. A new Rio director has started a comprehensive review of the miner's executive pay system and is likely targeting the firm's performance share plan ( PSP ).

The plan is part of Rio's long-term incentive described by another investor as a "heads they win, tails they win" clause. It assures Rio officials of performance bonuses even in a bad year.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PSP, RIO



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