Pay rises all-round for BHP top brass

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BHP Billiton chief executive Marius Kloppers scored an 8.5 per cent pay rise last financial year to $11.37 million.

The pay rise follows the company’s record Australian corporate profit of $US23.6 billion, a growth of 86 per cent.

The rise was mirrored across most senior executives at the comapny.

BHPB head of non-ferrous business Andrew MacKenzie raked in the biggest increase, with a $US6.2 million pay rise to $US9.4 million.

Chairman Jacques Nasser’s pay rose from $US357,312 to $US1 million in his first full year in the job after he was elevated from non-executive director in March last year.

Chairman John Buchanan said the company’s remuneration policies needed to be able to attract the best in the business.

“To achieve our business goals, our remuneration must remain competitive to attract and retain talented executives, enabling us to realise our opportunities and further develop our business,” he said.

Buchanan said the company had begun a review of its remuneration policies, but they would remain unchanged in the current financial year.

The base salaries of most of the company’s executives rose four per cent, which is in line with the pay rises across the entire company.

BHP offered workers at its Queensland coking coal operations a five per cent a year pay rise over three years, which has been rejected by the unions.

The bitter negotiations over pay and work conditions at the BMA sites is still ongoing, with workers at Norwich Park, Saraji, Gregory, and Crinum coal mines striking for a full shift on Monday.

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