EDITORIAL: Not such a good business journey for Ian Moir

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

It is not easy to understand why Woolworths' less-than-successful CEO is being paid so much

For a company that misses no opportunity to boast about its “good business journey” credentials, Woolworths has demonstrated a remarkably cavalier attitude to the reputational damage caused by its “bad business” remuneration policy.

Surely the much more sustainable approach would have been to pay him encouragingly well in the initial stages but hold back on the extreme generosity until there was evidence of long-term success. However, buried in the text far from the single-figure chart, are details of generous share awards made to Moir in each of the last three years — worth R27m in 2017 and R28.5m in each of 2018 and 2019.

Whether he stays until then will largely be determined by his success in turning around David Jones. He has told journalists he is determined to sort out the problems and has convinced the board, for now, that he is the man for the job. The board may feel that at this stage of the game, and with few obvious options, Moir, who drove the Australian acquisition, is best placed to sort out the multibillion-rand disaster.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว