83% hike for Eskom execs

[Abe]

http://business.iafrica.com/news/2514930.htm

Trade union Solidarity on Friday expressed its shock over figures indicating that Eskom's executive committee (excom) had received an average salary increase of 83 percent during the last financial year.

"At a presentation, Eskom gave us all kinds of information and then we worked it out for ourselves that the excom's increases varied from 73 percent to 91 percent," Solidarity spokesperson Jaco Kleynhans said.

These figures, released on Thursday, excluded payouts based on performance shares, which also increased by 89 percent more than what was provided for the in the 2009 financial statements.

 

[LazyLion]

haha... I love how they tell the workers "we can't afford to pay you more" while awarding themselves a massive increase!

and all of this with our money!

bunch of thieving corrupt scum bags.

 

[Rands]

Oink!

 

[sand_man]

Mother Duckers!!!!

 

[Dave101]

And we'll continue to pay for those hectic increases year by year, and there's nothing you or I can do about it. No competition = Pay Increases = One Happy EXECUTIVE!!!

 

[Goldenrule]

Obviously none of you know any execs who work at Eskom. I do and there is no such thing as an 80% pay hike in any form.

 

[zeridine]

absolutely disgusting if true.

 

[LazyLion]

Obviously none of you know any execs who work at Eskom. I do and there is no such thing as an 80% pay hike in any form.

haha... and you believed them?

 

[Frankie]

haha... and you believed them?

You've got to be a right "male chicken", or Richard Head, to believe anything that comes out of that rotten crowd.

 

[Abe]

Obviously none of you know any execs who work at Eskom. I do and there is no such thing as an 80% pay hike in any form.

It obviously does not apply to all execs, just those on the exco. This would be the exco:

http://financialresults.co.za/2010/eskom_ar2010/leadership_management.htm

 

[grok]

Blackmail the public with rolling blackouts, get excessive increases approved, sit back & enjoy the spoils. Redistribution of wealth is working just fine it seems.