'Rio Tinto Proposes 56% Pay Jump For CEO as Mining Sector Fights For Talent' - Reuters Exclusive
Benzinga Newsdesk 3 days ago
News
Rio proposes 63% rise in maximum payBoard expands peer benchmarking group to energy, industrialsSome investors concerned about pay inflation, opticsRio Tinto's board has proposed increasing its CEO Simon Trott's
- Rio proposes 63% rise in maximum pay
- Board expands peer benchmarking group to energy, industrials
- Some investors concerned about pay inflation, optics
Rio Tinto's board has proposed increasing its CEO Simon Trott's target remuneration package by 56% to £9.8 million ($13.06 million), according to four people familiar with the matter and documents reviewed by Reuters.
Surging pay at defence, aerospace and energy transition firms has left mining companies including Rio Tinto — the world's second-biggest listed miner — scrambling to compete for top talent.