Best paid tech CEOs in South Africa

Exodus. Sure. Where one leaves another genius arrives. Just look at Zuckerberg or Ray O Croc (mcd was milkshake makes salesman). Even in Singapore they train 16y olds to run Billion dollar hedge funds.

So in all honestly lets cap their salary. Because it sucks when I get a bonus and can barely buy something like an Xbox and my big boss buys a new farm and Range Rover to match.

But yes they deserve it cause its stressing. Who do they aim their stress to? Me. Go figure.
 
Nice click bait opinion piece
 
Reads like something that the overpaid CEOs would write to justify their salaries!

"There is tremendous merit in the work done by teachers, doctors, nurses, cleaners, road builders, and cooks. They should be applauded for making society a better place." -Hopefully at some point that applause will include decent wages.
 
Nemoneiros said:
copy and pasted from sources?

extensia-ltd.com

Rob Shuter gets R74 million for 8 months at MTN - Extensia-ltd

Former MTN CEO Rob Shuter received a salary package of R73.8 million in the last financial year, the company’s latest financial results revealed. Shuter joined MTN as the new group president and CEO in April 2017. Before joining MTN he served as CEO of the European Cluster at Vodafone Group. He...
extensia-ltd.com extensia-ltd.com
insidepolitic.co.za

Former MTN Boss Rob Shuter Scores R74 Million Payday - Inside Politic

MOBILE group MTN has published its financial results for the year ended December 2020, revealing how much its top executives were paid. Former MTN chief exe ...
insidepolitic.co.za insidepolitic.co.za
www.bizcommunity.com

Former MTN CEO Rob Shuter received R74m in 8 months

MTN's latest financial results reveal that Rob Shuter received a total of R74m in salary remuneration for his last eight months as the CEO of the company...
www.bizcommunity.com www.bizcommunity.com
www.businessinsider.co.za

Business Insider - Latest News in Tech, Markets, Economy & Innovation

Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
www.businessinsider.co.za www.businessinsider.co.za

This is an opinion piece
Click to expand...
Not disputing the sources that this dude made a whackload of money. What I was asking for sources for was the bold statement that Elon Musk accomplishes more in an hour than people do in a lifetime. What a load of crap.

Anyway, since it's an opinion piece, my opinion is that it is a kak piece.
 
People still don't get it....

Corelli said:
So in all honestly lets cap their salary.
Click to expand...
You can't.

Dude's history:
CEO Vodafone - Netherlands
CEO at MTN Group - South Africa
CEO BT Enterprise - UK

See a trend? International.

If you cap CEO salaries in any meaningful way you can restart SAA...because lots of planes will be needed to fly SA's best out the country.

As messed up as the CEO to worker ratios are the pay has to be internationally competitive. Else you're getting bottom of barrel picks.

Don't hate the player hate the game.
 
The biggest issue that always gets overlooked in these discussions is that pay is mostly a function of supply and demand of skills. Usually one has to work hard and stress a lot, but it’s by no means harder or more stressful than a lot of other work (eg, construction work, teachers, etc.).

This means that pay is mostly driven by decisions that eventually puts one into these low supply, high demand skill category. Usually, what/where to study, what jobs to start with, when to switch companies, where to live/work, how to steer your career, networking, etc.

I should also add that impact factors heavily into demand here.
 
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Corelli said:
Exodus. Sure. Where one leaves another genius arrives. Just look at Zuckerberg or Ray O Croc (mcd was milkshake makes salesman). Even in Singapore they train 16y olds to run Billion dollar hedge funds.
Click to expand...

Indeed, look what happens in China when they lock out Western tech companies. It's not like China doesn't end up with a Google-equivalent, or a Facebook-equivalent, or an Amazon-equivalent.

The idea that these CEOs are such unicorns that all the products would not exist without them is a very CEO-positive position to take.

I'll give more credit to Elon Musk because there aren't great examples of other companies that have managed to make a capital and technologically challenging business like rocketry work in a way that he has. That kind of founder/risk taking CEO I will accept more the high-risk, high-reward premise of this article.

Still doesn't mean I think he deserves these 100x+ multiples over the average salary.

But random turds like Rob Shuter who are glorified administrative drones, who move from established organisation to established organisation? That's a class that is stealing paychecks.
 
Why hide behind the staff writer account when posting opinion pieces?
 
jbroo said:
This article has a very defensive tone. Was it written by an aspirant CEO?



Really? Sources? That's a bold stament to make.
Click to expand...
I agree. Are we not a third world or developing country? Why are we comparing salaries with first world jobs? Sounds like profiteering BS to me.
 
The Light Green Hornet said:
I agree. Are we not a third world or developing country? Why are we comparing salaries with first world jobs? Sounds like profiteering BS to me.
Click to expand...
I wonder what the outcome would have been if MTN used the above during their negotiations when hiring Shuter.
 
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