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News: BHP Billiton top executives on pay freeze

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    BHP Billiton Limited (ASX:BHP) has shown its top executives are on a pay freeze just days after revealing more job cuts from its operations. 

    The global diversified miner’s CEO Andrew Mackenzie took home almost $US8 million after his first year leading the company. 

    The figure is steeply down from BHP’s last chief Marius Kloppers who was paid a $16 million package in his final year. 

    Mr Mackenzie and his executive team have had no increases to their base salaries and the company has advised its non-executive pay remains frozen.
     
    BHP says it believes these outcomes align remuneration with shareholders interests and the prevailing business environment. 
     
    BHP Billiton reported a net profit of $16.2 billion in the full 2014 financial year. 
 
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