Friday, March 5, 2010

Newmont (NYSE:NEM) CEO Pay Down 38.7 Percent

Newmont Mining Executive Pay

Newmont Mining (NYSE:NEM) CEO Richard O'Brien had an off year in pay, but that wasn't because of performance, as it was largely based on his taking of a large stock option award the year before.

In 2009 O'Brien earned $6.3 million in overall compensation, while in 2008 it stood at $10.3 million.

The stocks and options offered O'Brien in 2008 were valued at $3.08 by Newmont, which accounted for most of the fall in compensation he received in 2009, equal to 38.7 percent.

Newmont Mining Executive Pay

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