Sam Walsh wins $7m payout after stand-off with Rio Tinto
Peter KerResources reporter
Rio Tinto has been forced to pay its former chief executive Sam Walsh $6.8 million before tax after he refused to agree to a further suspension of entitlements earned during his time with the company.
Mr Walsh stepped down as chief executive in early 2016, but lucrative incentive payments to him were suspended by Rio when it launched an investigation into a $US10.5 million payment made to a political adviser in Guinea.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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