Sibanye shareholders rebel against exec pay, including Froneman's R190m payday | Business

Sibanye-Stillwater shareholders holding almost half of the company's shares have demonstrated their dissatisfaction with the generous pay packages dished out to the mining company's executives, including a R190 million payday for its CEO, Neal Froneman.

This was the case last year too when just over 26% of shareholders voted against executive pay packages, which included Froneman's jaw-dropping R300 million remuneration package. "But we see the improvement over time," said Wellsted."It also has to be acknowledged that we are on a journey, we are not at the end destination. But you can't keep penalising people all the time, especially when they're making improvements."

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