South African chief executives are apparently worth their weight in
gold. With gold trading at R138 000 a kilogram at the time of going
to press, and the average chief executive probably weighing in at
90 kilograms give or take a business lunch or two, paying a chief
executive in gold would cost R12.4 million. Which is not far off
the average pay of the chief executives investigated in this title.
The authors have taken 50 of the largest and most influential
companies listed on the JSE and measured the companies and their
chief executives against a number of criteria. They have also
looked closely at some of the circumstances that have allowed
executive remuneration to go largely unchecked. Executive pay in
South Africa attempts to provide an insight and makes some
suggestions as to how various stakeholders could better deal with
executive pay. If executives want to reverse the growing sense of
public cynicism and concern around the multi-million rand packages
they take home each year, they will need to explain the link
between their pay and their performance.
|Country of origin:
• Renee Bonorchis
||214 x 150 x 14mm (L x W x T)
Business & Economics >
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