Barrick CEO gives back 76%of 2015 pay!Will CEO Marrone also?Thornton “elected to forfeit all of the incentive compensation earned for 2015 in order to better reflect the experience of our shareholders last year,” ABX says in the filing.
$3Million is pocket change to our greedy CEO Marrone who has averaged close to $10,000,000 a year from 2007 to 2015!
Barrick Gold cuts chairman's pay by 76% after investor criticism
Mar 24 2016, 17:45 ET | About: Barrick Gold Corporation (ABX) | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]
Barrick Gold (NYSE:ABX) awarded Executive Chairman John Thornton $3.08M in total compensation for 2015, 76% less than last year, following investor criticism of pay packages at the company.
Thornton received $2.5M in salary, $204K in other compensation and a pension value of $375K, while forfeiting $3.4M of incentives for the year, according to an SEC filing; in 2014, Thornton received a total of $12.9M, including $9.5M of incentive pay.
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