More churn and less pay for CEOs

Due to a decrease in bonuses and incentive plans, average mining CEO compensation fell 16% according to a study by Bedford Resources.

"Sixty-three percent of CEO's received an annual bonus in 2013 compared to 88% in the previous yeart," said Bedford in its fifth annual report on Board and Executive Compensation for the Mining Industry for 2014.

"Incumbents working at companies under $1 billion in assets experienced greater likelihood of receiving no bonus payment."

While total compensation was down, median CEO salaries were up 5% compared to last year.

The study also found that many of the survey respondents "experienced significant transition." Approximately 17% of CEOs left their positions in 2013.

Bedford Resources is an international recruiting firm focused on mining and oil and gas sectors.

Read the full study.

Download (PDF, 10KB)

Creative Commons image from Flickr