Feb. 9 (Bloomberg) -- Rio Tinto Group’s Chief Executive Officer Tom Albanese said he won’t be considered for an annual bonus this year after the company posted a 59 percent decline in net income.
“As the acquisition of Alcan happened on my watch, I felt it only right not to be considered for an annual bonus,” Albanese said today in the company’s earnings statement. The company reported net income of $5.8 billion after a one-time $8.9 billion writedown of its aluminum business.
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