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Rio keeps Walsh waiting on $30m bonus

Jan 03, 2019 - Australian Financial Review
Board and Executive Moves

Rio Tinto has determined that Sam Walsh should wait on a satisfactory conclusion to three investigations into the Simandou affair before the former chief executive is delivered nearly $30 million in deferred bonus shares.

Rio confirmed yesterday that Walsh has now been asked to agree to a further deferment of his entitlements "until the investigations have concluded".

It is not clear how this offer of a second and now open-ended deferral was received by a former CEO who has been righ...