R73000 a day

Why is this suprising? This type of irresponsible spending is no different to that which occurs within all other Government-run monopolies. Why are people blatantly ignoring the obvious pattern? It's the exact same thing with Eskom and SAA (amongst others).

The CEO's can safely take home a large paycheck with complete disregard to the company's financial stability, as when the finances turn sour, government kindly injects more (tax-payer) money into it.
 
Junior Techie

bekdik said:
awe come on guys, a super achiever like him is worth every cent he earns. If Telkom hadn't snapped him up then some international operator would have.

Wouldn't they?
Click to expand...

With the so-called proventrack record that Rueben has all he matches upto in international markets is nothing more than a junior techie and/or over-payed insurance salesman.

As a Telkom shareholder, I am disgusted by this figure compared to the dividends Telkom has given out to shareholders!

But then again, I'm not the one kissing govt azz on that board!
 
Justify it?

When you can "rape" the public to the extent that Telkom has for years, there is no moral inhibition to do anything. Paying a man an exorbitant salary is completely in line with their philosophy of "do whatever you want" and $crew the critics business practice! Does not surprise me at all. These people have no morals. The money has completely stripped away any sense of neighborliness or kindness from their hearts. But that is what money *often* does. It corrupts and desensitizes people so they lose all rationality. Just look at Paris Hilton. :p How is Telkom any different?
 
From this page: http://mybroadband.co.za/news/Telecoms/254.html Telkom makes 14 billion profit per year.

19 million / 14 billion = 0.001357 (or 0.14%).
From Google, a CEO is defined as: "The senior manager responsible for overseeing the activities of the entire company."

As far as I'm concerned, Mr. September should ask for a salary increase! He manages the entire company and is responsible to all shareholders for the performance of the company, and he earns less than a percent of the profits!

Nick
 
 
peder said:
whats the chances? show me what qualifications he has behind his name?

If he is such a super achiever he'd have fixed telkom already.
Click to expand...

peder said:
even alan knott-craig had bigger degrees behin his name than mr. September
Click to expand...

They both have 2 degree's 1st very similar... UCT rocks socks ;) :D
The way i see it is that september is younger and stuck with telkom while knott-craig took the chance when it came and started vodacom. If you think that alan's success through vodacom is very good you have to remember that what existed in SA at the time of its inception. Sure, he techinically effective (which is something i think much off as i know many who aren't with degrees) BUT when you have Telkom backing you in a closed market you can't tell me making a huge profit/success of it is not almost a given! Don't get me wrong, i think he has achieved a lot more than september but you comparing a handover ceo with a founding ceo. OBVIOUSLY the founders look better!

http://www.whoswhosa.co.za/Pages/profilefull.aspx?IndID=1055
http://www.whoswhosa.co.za/Pages/profilefull.aspx?IndID=3356
 
Uhm.. last time i checked they were still making a huge profit whether we like it or not. Unless the company is bleeding money in operations, i don't think we can say he is failing because he is not giving US what we want.

2ndly, its easier to start a company from scratch than to run one with its existing problems + clients and try and change it especially in SA with the likes of unions, shareholders, gov interest etc. How many employees does Vodacom have vs Telkom??
 
Must hurt when your employer (the government) takes R33,000 of that R73,000 a day back in taxes...
 
I notice Telkom's Share Price dropped -16% this last week to close down sharply at R110.00 per share on Friday last and in so doing in my opinion broke the key level of around R130.00 per share which has seemed to have held up until this point. Even on Friday when all the other shares across the board went up, Telkom still nosed dived down.
If this share does not pick up above R120.00 I am afraid this one is headed for R100.00 and then who knows where to after that.

Seems our lavishly paid CEO is doing something wrong or rather nothing at all that Investors are not too keen about.
 
Larry makes a difference to people's lives.

Reuben is nothing but a puppet for his company, another token appointment to keep his company and govt happy. He's not qualified, irresponsible and a fat cat. Typical of his type that gets into power. I really wish the shareholders could pull a "mbeki" on him. He's equally incompetent, under qualified and incompetent.

Burn in hell Reuben. /rant over.

From an (ashamed) brother - you fat;incompetent window dressing cat!
 
"Reuben September, who took over as CE in April last year, was paid R19m. This includes a R2,4m salary and R13,2m in “fringe benefits”."

His salary is R2.4m a year. = R6500(rounded) a day not R73000
 
Last edited:
Nickste said:
From this page: http://mybroadband.co.za/news/Telecoms/254.html Telkom makes 14 billion profit per year.

19 million / 14 billion = 0.001357 (or 0.14%).
From Google, a CEO is defined as: "The senior manager responsible for overseeing the activities of the entire company."

As far as I'm concerned, Mr. September should ask for a salary increase! He manages the entire company and is responsible to all shareholders for the performance of the company, and he earns less than a percent of the profits!

Nick
Click to expand...

Crap. What about their drop in profit margins and share price? (A sign that the company has been doing worse.)

When his nett gain is so much, I honestly couldn't give a crap about percentages, he's not comparable to other CEOs of companies that actually work, period.
 
It's quite sad and ridiculous that we're all so infuriated by a CEO's paycheck in the first place.
Perhaps if knew we weren't directly funding the company, the annoyance wouldn't exist. :-/
 
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