- BHP Billiton’s (BHP -1.9%) board has scrapped CEO Andrew Mackenzie's bonus for the year ended June 30 and has cut the bonuses of other senior BHP executives by varying amounts.
- The move comes after BHP reported a net loss of $6.39B for the 12 months through June, brought on partly by the catastrophic Brazil mining dam failure that killed 19 people.
- Mackenzie earned a salary of $1.7M last year, an amount that has been frozen since he took over as CEO in 2013, and BHP last year paid $2.3M to Mackenzie as a bonus, half in cash and half in deferred shares due to vest in FY 2018.