BHP boss paid $US8m

BHP Billiton boss Andrew Mackenzie earned $US8 million in his first full year in the job, and will not get a pay rise in this financial year.

Mr Mackenzie was paid a salary of $US1.7 million in the 2013/14 financial year, plus bonuses worth $US5.77 million.

BHP said Mr Mackenzie had performed well and achieved significant productivity improvements during the year, while the mining giant’s full year profit of $US13.8 billion was above target.

Mr Mackenzie’s predecessor Marius Kloppers earned almost $US16 million in his final full year.

Since then BHP has cut the amount it pays senior executives and directors by 25 per cent.

Mr Mackenzie’s salary will not change in the current financial year, and the targets for his short-and-long-term bonuses will also stay on hold, BHP said.

The base salaries for all other senior management will also be frozen, and fees for BHP’s board members have been frozen for three years.

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