I read with intense disbelief your report on the Woolworths annual general meeting . I find it incredible that CEO Ian Moir received a total of R191m in remuneration over the past five years. The report noted a decline in profitability over the past three.
Where is union federation Cosatu in all of this, and the SACP? And where are the ratings agencies? They are so busy discussing our national debt that they pay no attention to the private sector.
Good questions asked by the author that should make people think. 'Exorbitant' remunerations for private sector companies are a worldwide point of debate. Shareholders have to decide what is right or wrong. Similar to our government, you get what you vote for.
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