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."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South African business schools shine in London rankingsInternational institutions with local campuses have fared best
Source: FinancialMail - 🏆 20. / 63 Read more »

How business can help transform education and leadership in AfricaOPINION | The future of education and leadership in Africa is bright, but it will require ongoing investment and innovation to achieve the full potential of the continent.
Source: mailandguardian - 🏆 2. / 92 Read more »

Let’s shatter the 6 biggest myths about Mac in the business environmentIn this new digital age of work companies are constantly searching for devices that are ultra reliable, secure out of the box, can last a full day due to load shedding, assist with end user productivity, are affordable, and loved by the end user.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

NHI reaches landmark as Parliament committee gives its approval | BusinessAfter three years of deliberations, the National Health Insurance Bill passed through the National Assembly Portfolio Committee on Health this week, with hardly a change made to the original version and the threat of legal challenges hanging in the air.
Source: News24 - 🏆 4. / 80 Read more »

Rand plunged to new record low overnight amid economic, interest rate concerns | BusinessThe currency has now lost almost 26% of its value over the past year. In the past two weeks alone, since the US accusation that Russia received arms in South Africa, it has plunged 8%. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

ROB ROSE: Astral, like South African business, hits peak gatvolIt’s not ‘inefficient farmers’ causing food prices to rocket, says CEO, but the costs companies must pay to keep the lights on and taps open, writes robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »