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Noble Group paid co-CEO US$20m even as company lost billions

It is more than the US$15 million that Noble has offered to pay holders of its perpetual bonds, which have a face value of US$400 million

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Noble's restructuring plan has come under fire from some investors for its proposal to hand a 20 per cent stake in the revamped group to management.

London

NOBLE Group Ltd handed its outgoing co-chief executive officer, Jeff Frase, a remuneration package worth about US$20 million last year, even as the commodity trader slumped to a record loss of almost US$5 billion.

The scale of the award, reported in Noble's annual financial

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