BHP (BHP) CEO Marius Kloppers sells $5.2M worth of stock in the mining giant's London and Sydney...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP (BHP) CEO Marius Kloppers sells $5.2M worth of stock in the mining giant's London and Sydney listed shares in order to pay off an expected U.K. tax bill for 245,000 shares that vested to him under a 2007 incentive scheme. The sale comes after Kloppers waived an annual bonus and BHP froze executive salaries due to "the prevailing business climate."