Boards back individuals who can make it happen.— Andrew Woodburn
Christo Wiese said that if he could find more Whitey Bassons he’d hire them all!— Bruce Whitfield, The Money Show
Shoprite doubled CEO Whitey Basson’s pay to R100.1 million due to a bonus for beating the targeted growth in profits.
Basson has been at the helm since 1979 when the retail behemoth had eight outlets (in 2014 there were 1855).
What do you need to do to earn R100 million?
What is it that makes Basson so valuable?
The Money Show’s Bruce Whitfield interviewed Andrew Woodburn, Executive Search Expert and Managing Director at Woodburn Mann.
Editors note: This headline has been amended to reflect that this is the view of executive recruitment specialist, Andrew Woodburn and not that of 702.
Scroll down for more quotes from the audio below.
It’s about remaining competitive at a world level.— Andrew Woodburn
This type of remuneration is built up over years. He’s been there for decades.— Andrew Woodburn
A remuneration committee will periodically negotiate the criteria that must be met.— Andrew Woodburn
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Magda Wierzycka, CEO at Sygnia Group.
Chicken Licken’s latest ad flame-grills the most recent one by Nando’s, says Nicholas Kühne of Wunderbrand.
GDP growth of 2.2% was not enough to stop the bleeding. Bruce Whitfield interviews Peter Worthington, Senior Economist at Absa.
Small business guru Pavlo Phitidis from Aurik Business Accelerator broke the internet with these helpful articles.
Some were good, some were great, many were just plain awful. They all went viral.
Making ends meet, investments, property, debt, financial freedom… these were the very best "your money" articles of the year.
Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.
Walter Mangold, the owner of the popular tourist attraction in Hout Bay, was targeted by two men on the premises on Sunday.
Some recommendations by the Davis Tax Committee were met with concerns from members of the public on how they will be affected.
A Knysna couple who cycled 20 000 Km across 20 countries finally arrived in Cape Town on Sunday ending their 18 months journey.
Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.
Employees will still be paid for five days of work, but work for four days.