Biggest salaries in SA tech

What herculean tasks do these super-duper CEO's perform that differentiates them from the normal workforce(R48M vs R150K per annum)?
 
siraman said:
What herculean tasks do these super-duper CEO's perform that differentiates them from the normal workforce(R48M vs R150K per annum)?
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Agreed, its not what you know its who you know.
Many CEOs are there because of luck and timing, thats all oh and knowing the right people.
Not saying that some of them dont deserve their positions though
 
HTF can they justify a R48million salary?
How about paying them less and bringing pricing down?
 
JStrike said:
No one is denying that. Doesn't change that it is still very sad state of affairs
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It is unfortunate, but unlikely to change. The only way to make income more equal is to increase income tax sharper for higher income. But that way you make a country more inviting for freeloaders and less for high value workers. Catch 22.

Rocket-Boy said:
HTF can they justify a R48million salary?
How about paying them less and bringing pricing down?
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As long as consumers are willing to pay for it, why should they?
 
Skerminkel said:
It is unfortunate, but unlikely to change. The only way to make income more equal is to increase income tax sharper for higher income. But that way you make a country more inviting for freeloaders and less for high value workers. Catch 22.
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High value workers don't earn anything near R48m
 
Skerminkel said:
It is unfortunate, but unlikely to change. The only way to make income more equal is to increase income tax sharper for higher income. But that way you make a country more inviting for freeloaders and less for high value workers. Catch 22.
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Not really. Higher taxation won't necessarily make it more equal. You need income to rise faster for the lower down folk. At the moment they don't even keep up with inflation, so there's no social mobility.
 
Was just doing a random google search and this caught my attention and it's got me wondering if it would work.

If the compensation of a company’s CEO exceeds 100 times the median wage of the workforce, the company’s state corporation tax rate goes up incrementally to a maximum of 13 percent if the ratio is greater than 400 times. If it’s lower than 100 times, the corporation’s tax rate goes down.
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http://blogs.reuters.com/great-debate/2014/04/30/supersize-salaries-how-much-is-that-ceo-worth/

Surely it would be beneficial to the SHAREHOLDER seeing that the would be more cash for those dividends the shareholder craves.
 
siraman said:
Was just doing a random google search and this caught my attention and it's got me wondering if it would work.



http://blogs.reuters.com/great-debate/2014/04/30/supersize-salaries-how-much-is-that-ceo-worth/

Surely it would be beneficial to the SHAREHOLDER seeing that the would be more cash for those dividends the shareholder craves.
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I like a proposal from Switzerland, where the highest paid employee can only earn (including stock) x amount of the lowest paid employee.
So if x is 100, and if your lowest paid employee earns R100k pa, then the highest salary is capped at R10m.
The important thing to remember, is that over the last decade, there has been a shift from only high salaries for executives to high salary + stocks (Whose value is not as easily quantified and isn't subject to the same tax)
 
JStrike said:
I like a proposal from Switzerland, where the highest paid employee can only earn (including stock) x amount of the lowest paid employee.
So if x is 100, and if your lowest paid employee earns R100k pa, then the highest salary is capped at R10m.
The important thing to remember, is that over the last decade, there has been a shift from only high salaries for executives to high salary + stocks (Whose value is not as easily quantified and isn't subject to the same tax)
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I like that idea, but nothing then stops a company from making all there lower paid workers "contractors" or worse removing the lower tier completely and contracting that whole devision out to a 3rd party.
 
JStrike said:
I like a proposal from Switzerland, where the highest paid employee can only earn (including stock) x amount of the lowest paid employee.
So if x is 100, and if your lowest paid employee earns R100k pa, then the highest salary is capped at R10m.
The important thing to remember, is that over the last decade, there has been a shift from only high salaries for executives to high salary + stocks (Whose value is not as easily quantified and isn't subject to the same tax)
Click to expand...

FaSMaN said:
I like that idea, but nothing then stops a company from making all there lower paid workers "contractors" or worse removing the lower tier completely and contracting that whole decision out to a 3rd party.
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That idea was shot down in a referendum in Switzerland awhile ago.
 
That a lot of money emptyN. Do they even feel guilty for earning so much ?Or they comfort themselves by saying they have sleepless nights?
 
FaSMaN said:
I like that idea, but nothing then stops a company from making all there lower paid workers "contractors" or worse removing the lower tier completely and contracting that whole devision out to a 3rd party.
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True
 
OrbitalDawn said:
Not really. Higher taxation won't necessarily make it more equal. You need income to rise faster for the lower down folk. At the moment they don't even keep up with inflation, so there's no social mobility.
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Yes, but assuming a competent and committed government, they will use the higher income to mobilise the low earners.

JStrike said:
I like a proposal from Switzerland, where the highest paid employee can only earn (including stock) x amount of the lowest paid employee.
So if x is 100, and if your lowest paid employee earns R100k pa, then the highest salary is capped at R10m.
The important thing to remember, is that over the last decade, there has been a shift from only high salaries for executives to high salary + stocks (Whose value is not as easily quantified and isn't subject to the same tax)
Click to expand...

That is like imposing a glass ceiling. You remove the incentive to high earners and entrepreneurs. They will just stop innovating and creating wealth for the whole society. Decaf communism, really.

Only plan is to encourage entrepreneurs to make as much money as possible and then encourage them to employ more people to earn and income. Also use the tax income wisely to educate and uplift the poor. There is no artificial way to narrow the income gap.

In a complete banana republic, the parasites who exploit the system the best gets the highest income, but it is not sustainable and eventually everyone suffers. Despite the best efforts of some in our government, we are not there yet and hopefully never will be.

What is also encouraging is that the people listed in the piece earn their income from a service industry. They essentially create wealth from a sustainable source. They are not pumping oil from a well that will one day dry up. We need to applaud them, not shoot them down. This is what will make SA prosperous: a-south-african-entrepreneur-beats-the-new-york-times-at-its-own-game
 
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