Anglo American drops plan to pay bosses millions in bonuses after $50bn Teck merger backlash
FTSE 100 miner’s U-turn follows investor opposition to payouts when deal completes, including estimated £8.5m to CEOBusiness live – latest updatesLondon-listed miner Anglo American has dropped plans to award its bosses multimillion-pound bonuses if its planned $50bn mega-merger with a Canadian...
<p>FTSE 100 miner’s U-turn follows investor opposition to payouts when deal completes, including estimated £8.5m to CEO</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/dec/08/china-trade-surplus-trump-tariffs-stock-market-ftse-pound-business-live-latest-news">Business live – latest updates</a></p></li></ul><p>London-listed miner Anglo American has dropped plans to award its bosses multimillion-pound bonuses if its planned $50bn mega-merger with a Canadian rival goes through, after a backlash from its investors.</p><p>The FTSE 100 miner had sought shareholder approval for a plan to award its chief executive, Duncan Wanblad, a huge share bonus if the deal to buy Teck Resources to create a copper producing giant is completed.</p> <a href="https://www.theguardian.com/business/2025/dec/08/anglo-american-ditch-plan-bonuses-teck-mega-merger">Continue reading...</a>
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