08 JULY 2013www.bbc.co.uk
Russian billionaire gives away $3m bonus to staff
Edited by : AL CIRCLE
1 min read
Russian billionaire Oleg Deripaska has declined a bonus for 2012 and will use the money to buy shares for employees.
Aluminium company Rusal says the $3m (£2m) bonus will be used to reward around 120 employees with shares.
Mr Deripaska, who is worth $8.5bn (£5.5m) according to Forbes, has been chief executive of Rusal since 2009.
The company said that the share award is a one-off programme, but if it was successful, awards to employees would increase through new schemes.
Shares will mainly be awarded to employees working in Rusal's factories; both Russian and international production sites.
The number to be purchased represents 0.05% of the total number of Rusal shares in issues.
Aluminium company Rusal says the $3m (£2m) bonus will be used to reward around 120 employees with shares.
Mr Deripaska, who is worth $8.5bn (£5.5m) according to Forbes, has been chief executive of Rusal since 2009.
The company said that the share award is a one-off programme, but if it was successful, awards to employees would increase through new schemes.
Shares will mainly be awarded to employees working in Rusal's factories; both Russian and international production sites.
The number to be purchased represents 0.05% of the total number of Rusal shares in issues.
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