Russian billionaire gives away his 2012 bonus

July 6, 2013 at 2:08 PM   |   0 comments

MOSCOW, July 6 (UPI) -- The head of Russian aluminum producer Rusal is giving his $3 million bonus to 120 Rusal employees, the company said.

Rusal Chief Executive Officer Oleg Deripaska is listed by Forbes magazine as worth about $8.5 billion. He has been the head of the company since 2009.

Rusal said the giveaway was a one-time deal for the staff, the BBC reported Saturday. The number of shares the $3 million will purchase amounts to 0.05 percent of the total shares in issue, the report said.

The company -- one of the world's largest aluminum producers -- employs 72,000 workers in 19 countries.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Trending News
Join the conversation
x
Feedback