Story perspectives
Rio Tinto Proposes 63% Pay Rise for CEO
By Drooid · · How we work
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Story summary
- Rio Tinto proposes raising CEO Simon Trott’s maximum remuneration by 63% to £18.3 million.
- Maximum short-term incentive would rise to 300% of base salary, up from 200%.
- Long-term incentive ceiling would expand from five to nine times base salary.
- Shareholder approval is required at the 2027 annual general meeting.
- Ben Wyatt says incentives are not guaranteed if benchmarks are missed.