BEE deal for 'filthy rich'

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DigitalSoldier

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http://www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-24_2065842

Cape Town - Trade union Numsa has called on Reunert's CEO Boel Pretorius to intervene and reverse the group's latest empowerment transaction - or face the wrath of workers.

Shareholders in Reunert on Wednesday ratified an empowerment deal which saw the country's four richest women - including well known white businesswoman, Wendy Lucas-Bull (a former bank executive) - allocating millions of shares among themselves.

Numsa said in a statement released on Thursday that the BEE deal only served to "resist meaningful transformation".

Other participants in the BEE deal include former ANC deputy secretary general Cheryl Carolus, one-time Spoornet chief executive Dolly Mokgatle and lawyer Thandi Orleyn and former CCMA director.

The quartet reportedly stand to get shares worth between R70m and R130m.
 
Wendy Lucas-Bull
  • Parkton Convent (Jhb)
  • BSc from Wits.
  • 1978 to 1994, she worked at Andersen Consulting.
  • (Head of Financial Services Practice for the last 10 years of that period)
  • Joined RMB in 1995 as an executive director.
  • 2000 appointed as CEO of FNB Retail.
  • 2002 CEO of FirstRand Retail.

Wendy also previously sat on both the Telkom and the Financial Market Advisory Boards and currently sits on the Eskom board.
http://www.gsb.uct.ac.za/newsletter/newsletterArticle.ASP?intArticleID=157
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Yeah, sounds like she has always been extremely advantaged!:rolleyes: :rolleyes:
 
Skeptik said:
Wendy Lucas-Bull
  • Parkton Convent (Jhb)
  • BSc from Wits.
  • 1978 to 1994, she worked at Andersen Consulting.
  • (Head of Financial Services Practice for the last 10 years of that period)
  • Joined RMB in 1995 as an executive director.
  • 2000 appointed as CEO of FNB Retail.
  • 2002 CEO of FirstRand Retail.

Wendy also previously sat on both the Telkom and the Financial Market Advisory Boards and currently sits on the Eskom board.
http://www.gsb.uct.ac.za/newsletter/newsletterArticle.ASP?intArticleID=157
------------------------
Yeah, sounds like she has always been extremely advantaged!:rolleyes: :rolleyes:
Click to expand...

Wow!! WHat does she take home!
Easy R750k pm.
 
Well done Numsa and Theo Botha!!!!!!!We need more like you!!!!
 
Its a good stance but they should also let their feelings be known to the government that implemented these policies in the first place.
 
Supposedly the B in BEE means anyone who was previously disadvantaged and includes women of all colours. :D
 
dlk001 said:
If you use any products from "Black Like Me", then its because you black. If you use Loreal, then its because........you're worth it.:D
Click to expand...

haha, not. Would love to see you tell that 'joke' at a taxi rank. But then again you wouldnt hey :rolleyes:
 
Ad some spice, try taxi rank on a Friday arvie after they have a few dops in.
Or anywhere in public where you don't feel the need to say it under your breath.

You will be a braver person than I am;)
 
I made a decision to buy a car the day a Taxi driver accused me of not paying. When I paid again, he still accused me of not paying the first time. Its like, his anger increased exponentially to the extra money I would give him.:p
 
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