Vitol Group, a major commodity trading firm, distributed $5.9 billion to its top staff via share buybacks last year. This payout occurred even as the company's profits declined by more than half, falling to $4.2 billion. The significant compensation highlights the firm's continued financial rewards for executives despite a sharp drop in earnings.
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$5.9 billion payout versus $4.2 billion profit illustrates high executive compensation.
Vitol Group's profit more than halved to $4.2 billion last year.
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Vitol Group is a commodity trading giant.
BloombergCommodity trading giant Vitol Group paid out $5.9 billion to its executives and senior staff through share buybacks last year, even as its profits more than halved to $4.2 billion.
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Vitol Group is a commodity trading giant.
BloombergVitol Group paid out $5.9 billion to its executives and senior staff through share buybacks last year.
BloombergVitol Group's profit more than halved to $4.2 billion last year.
Bloomberg