BHP buries easy-picking executive pay

Andrew Mackenzie and co have done the right thing by not following the letter of the company's remuneration law, which only requires management outperform its peers.

The BHP Billiton board’s decision to use its discretion to reduce the grants of shares that will vest with its senior management, and Andrew Mackenzie’s decision to voluntarily walk away from a further $1.8 million of shares he was entitled to, should be applauded.


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