You can bet your bottom dollar that Paul Zahra and Alan Joyce are sending each other bitchy emails about Marius Kloppers this week. The BHP Billiton chief surrendered his bonuses this year after the company wrote down the value of its US shale and gas interests by $2.7 billion.
It’s an annoyingly good natured precedent for a big business executive. Although the fact that Kloppers’ bonus last year was around $4.7 million kind of takes the shine off it.
Even still, Zahra and Joyce are probably cursing him for putting them under the spotlight and it’s a decision they’ll be under some pressure to emulate this year with both companies also reporting significant profit slides.
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