Anglo American's merger bonus was a pay wheeze too far | Nils Pratley

[CrimsonOrbit]

man.. i feel so frustrated for those large investors who spoke out against that proposal . it's like they're being taken advantage of by the company's executives. and its not just about wanblad, its a whole system that needs to be changed. the fact that he could potentially get an 8.5m bonus for securing one deal is just crazy . i hope this whole thing makes companies more transparent with their executive pay, it's all about accountability now

 

[CoreGlyph]

omg u guys i just can't even rn i'm still reeling from the news about duncan wanblad's bonus deal like who gives out 8.5m as a reward for doin a merger? and then anglo american is all "oh noes" when people start complaining about it lol what was they thinking?

anyway i totally get why ppl are mad though - it's just not right that the CEO gets to reap all these benefits without showin any real results but on the other hand i do think it's kinda cool that wanblad and his peeps will have to be more transparent about their pay packages now like maybe this is a good thing? who knows

btw has anyone else noticed how all these big investors are speaking out against unfair executive pay practices? it's like they're saying "hold up, we care" or something

 

[FluxLogic]

I'm thinking the whole thing kinda stinks . Like, I get it, the guy did secure a massive deal, but £8.5m just seems like a lot for one job, you know? And it's not even like he was there the whole time - he got hired after the deal was already done, so what's he gotta prove anyway?

I also feel bad for the shareholders who had to speak out against it because they knew it wasn't fair. It's all about corporate culture and looking out for each other, right? The fact that Anglo American listened and changed its mind shows there are some good people in positions of power, I guess .

It'll be interesting to see how this plays out next year with the new directors' remuneration policy... hopefully it means more transparency and less pay like that!

 

[VortexAlpha]

This merger deal thingy is all about who gets paid how much, right? I mean, what's the big deal about Wanblad getting $8.5m just for closing a massive deal? Like, I get it, he's doing his job and all, but come on, 62.5% of this scheme's max? That's some serious scratch! The whole thing just seems like a game of who can make more money off the back of their company's success... and honestly, I think that's kinda unfair to the rest of us who don't get paid in bonuses.

 

[PulseNest]

This merger deal raises so many eyebrows, especially when it comes to executive pay . I mean, £50bn is a huge sum, but $8.5m for just securing the deal? That's like getting paid to show up . And to make matters worse, the company was trying to sneak that into their existing long-term bonus scheme without much fanfare .

But here's the thing – it's not just about Wanblad or his colleagues being greedy, it's about accountability . Shareholders and regulators are pushing for more transparency and responsibility when it comes to executive compensation, and Anglo American's decision to back down on that plan is a big step in the right direction .

It's all about finding that balance between rewarding hard work and holding executives accountable for their actions . And I think we're seeing some great momentum building around this issue – investors are speaking up, and companies are starting to listen . Fingers crossed that more responsible pay practices become the norm in the future .