CEO salaries only rising at the rate of inflation

Directors’ pay typically consists of a combination of a salary, bonuses, shares, benefits and privileges.

Recent decades saw a dramatic rise in directors’ pay relative to that of the average worker.

Ray White interviewed Laurence Grubb, MD of Khokhela, on The Money Show.

Grubb discussed the ins and outs of directors’ pay.

Scroll down for quotes from the audio below.

CEO salary increases over the last five years were 5.8%, which is only slightly above the inflation rate.

Laurence Grubb, MD of Khokhela

The wage gap is not increasing at the rate it was before.

Laurence Grubb, MD of Khokhela

The real issue in South Africa is unemployment; not the wage gap.

Laurence Grubb, MD of Khokhela

Only 15% of CEOs received payouts from share incentive schemes.

Laurence Grubb, MD of Khokhela

Executives are certainly feeling the weak economy.

Laurence Grubb, MD of Khokhela

Only 48% of CEOs last for longer than five years. It’s tough at the top.

Laurence Grubb, MD of Khokhela

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