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Bloomberg reported BHP Billiton Ltd. (NYSE:BHP)’s Marius Kloppers will forgo his bonus after announcing $3.3 billion in charges on gas and nickel assets.
Bloomberg reported BHP Billiton Ltd. (NYSE:BHP)’s Marius Kloppers will forgo his bonus after announcing $3.3 billion in charges on gas and nickel assets.
As quoted in the market news:
The value of BHP’s Fayetteville shale-gas holdings in Arkansas will be cut by $2.84 billion and its nickel sites in Western Australia by $450 million, the Melbourne-based company said yesterday in a statement. BHP, which paid $4.75 billion for the Fayetteville assets last year, said Kloppers and petroleum business CEO Mike Yeager won’t get paid a bonus for fiscal 2012 at their request.