BHP’s Kloppers Says No To Bonus

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.

Click here to read the full Bloomberg report.