Tom Bawden15 March 2013
Former Rio Tinto boss Tom Albanese saw his total pay, bonus and benefits jump by nearly 10% in 2012, despite a $14.4bn (£9.5bn) writedown which led to his resignation.
Albanese’s total payout rose by 9.5% 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 salary and pension payments increased slightly, to £1.05m and £1.3m respectively.
Sam Walsh, who took over the top job at the FTSE 100 miner from Albanese in January, saw his total remuneration increase to A$6.7m (£4.6m) from A$5.8m in 2011.
