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 rival goes through, after a backlash from its investors.The FTSE 100 miner had sought shareholder approval for a plan to award its chief executive, Duncan Wanblad, a share bonus worth £8.5m if the deal to buy Teck Resources to create a copper producing giant was completed. Continue reading...