Mr Price CEO earns R52.6 million – 843 times more than the lowest-paid employee

[BusinessTech]

Mr Price CEO earns R52.6 million – 843 times more than the lowest-paid employee

Mr Price has become one of the first major companies to report on pay disparities in its remuneration report, highlighting the large pay gap at the retailer.

 

[icantchooseone]

dayum . if i earned 4 mil per month i could buy more chomps . and chappies too

 

[cguy]

These ratios are so idiotic. Yes, highly experienced, educated executives responsible for tens of thousands of people, are going to make a lot more than someone who didn’t finish school and packs shelves or sweeps the floor.

By all means highlight pay that is below standard, but that extra R600 per year the average employee would get if half his income was evenly distributed, is probably not going to offset the negatives resulting from less motivated leadership and risking the CEO job.

 

[Mike Hoxbig]

Here we go with the communist guilt trip again. When you give unqualified plebs a CEO salary, you end up with the South African public "service"...

 

[die_koos]

This is the difference between trying to be fair and being jealous (between really caring about people and being a communist

Fair: Even the lowest paid worker should earn a living wage that reflects his/her contribution to the success of the company.
Jealous: Look at how much money the CEO gets, I don't care what he contributes to the bottom line ... give me! give me!

 

[DreamKing]

so?

 

[Johnatan56]

These ratios are so idiotic. Yes, highly experienced, educated executives responsible for tens of thousands of people, are going to make a lot more than someone who didn’t finish school and packs shelves or sweeps the floor.

By all means highlight pay that is below standard, but that extra R600 per year the average employee would get if half his income was evenly distributed, is probably not going to offset the negatives resulting from less motivated leadership and risking the CEO job.

I would still argue you could have a super motivated CEO at a few millions instead of 50, and that they could probably be a pretty good one.

Sorting this though should rather be government properly taxing it.

Having wealth likes this causes issues for others as you're living on fractions of it, and the rest you're going to use to buy assets, so you push up the price of housing and other goods.

 

[TheChamp]

For me, salaries are not the main problem, it is bonuses and incentives that are the problem, if we agree that for the whole team to do well every member of the team has contributed, there is no reason why there should be such massive disparities in bonuses, shares and other incentives.

So a CEOs strategy could be the best in the world, it is useless without the people to implement it.

 

[FiestaST]

If I earned 4 bar a month that Alfa (nee Alpha) Giulia Quadrifoglio would be mine & then some.

Thread 'Your Three Car Garage?'

May 19, 2019

Mine are:

- BMW M2 Competition



- Lamborghini Urus




- Alfa Romeo Giulia Quadrifoglio

• FiestaST
• Replies: 178
• Forum: Motoring and Transportation: Cars, Bikes and Plane

• 

 

[gregmcc]

Well done. Have a

 

[cguy]

I would still argue you could have a super motivated CEO at a few millions instead of 50, and that they could probably be a pretty good one.

I wouldn’t count on it - it’s a high pressure, always on job that typically requires the skills of someone who doesn’t need to work, and understands well that the marginal utility of money decreases dramatically at the high end.

Sorting this though should rather be government properly taxing it.m

That just decreases the marginal gains even more, discouraging participation:

Having wealth likes this causes issues for others as you're living on fractions of it, and the rest you're going to use to buy assets, so you push up the price of housing and other goods.

The vast majority of wealthy people’s wealth is likely to go into investment, which will drive business, or fixed income, which will build infrastructure.

 

[cguy]

For me, salaries are not the main problem, it is bonuses and incentives that are the problem, if we agree that for the whole team to do well every member of the team has contributed, there is no reason why there should be such massive disparities in bonuses, shares and other incentives.

People contribute disproportionately, and some have far more responsibility than others, some have rare skills sets, and some are tied to divisions that do less well than others.

The whole point of bonuses is to pay efficiently, rather than funding the coasters from the superstars.

So a CEOs strategy could be the best in the world, it is useless without the people to implement it.

Say I’m the best developer in the world. I would be useless without my IT people to set my computer up (largely because we’re not allowed to setup our own computers). It doesn’t mean we should have similar pay.

 

[Smiggles]

Lol and all he does is sell Chinese junk that don’t last more than a year or season.

 

[Fulcrum29]

He didn't become CEO at Mr Price to become Mr Poor.