CAPITAL MARKETS

Borshoff salary slashed to cut costs

PALADIN Energy has posted a mixed quarter with a drop in output but record sales, while managing director and chief executive officer John Borshoff will take a 25% pay cut to save money.

Kristie Batten
Borshoff salary slashed to cut costs

On January 1 this year Borshoff’s pay was increased by 5% to $A2.03 million and he was also paid a $234,000 bonus, representing 12% of his base rate salary after receiving no bonus for the 2010 financial...

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