It pays to be the CEO of the Mr Price Group with CEO Mark Blair walking away with a R32.931 million bonus from the previous year to 2 April 2022., the bonus forms part of the group’s forfeitable share plan and is said to have pushed up his total remuneration for the 2022 financial year to R56.5 million.
According to the group, this is how much it takes to be the CEO with the amount being in the 25th and 50th percentile of the market. The remuneration report further states that when compared with CEOs within the same “peer group” i.e. retail giants such as Shoprite Holdings, The Foschini Group and Pepkor, Blair earns below the 25th percentile of the comparator group.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mr Price grants CEO R33m bonus as he’s ‘not paid enough’The bonus took the chief executive’s total remuneration for the 2022 financial year to more R56m. MRPfashion Moneyweb execremuneration MRPfashion If only benchmarking exercises were applied to all employees and their salaries increased when found to be lacking! Rather than only performance. And I’m talking about all employers. C Suite, it seems, receive special attention! MRPfashion Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8 MRPfashion Always knew executives received hefty pay but it still always baffles me to see the actual rem policies of some of these companies who wouldn't even give above- inflation increases to their employees.
Source: Moneyweb - 🏆 5. / 77 Read more »
Mr Price grants CEO R33m bonus as he’s ‘not paid enough’ | The CitizenThis took his total remuneration for the 2022 financial year to R56.5 million, an increase of 201% on the R18.8 million package in 2021.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Mr Price reports market share gains, but eyes pressure on consumersRetail sales grew 6.4% in the first quarter amid selling price inflation of 6.3%, while profit margins improved
Source: BDliveSA - 🏆 12. / 63 Read more »
Sithelo and Mr Jazziq spark dating rumours AGAIN [watch]Sithelo and Mr Jazziq spark dating rumours AGAIN [watch] Andile Mpisane's baby mama Sithelo Shozi and the amapiano producer were spotted hanging out together again.
Source: TheSAnews - 🏆 25. / 59 Read more »
'One for each province': Meet Mr Jazziq's 'other girlfriends''One for each province': Meet Mr Jazziq's 'other girlfriends' Amapiano producer Mr Jazziq is reportedly a serial boyfriend with more than five girlfriends, including Sithelo and a popular actress.
Source: TheSAnews - 🏆 25. / 59 Read more »
Ousting of Mr ‘Voltswagen’ should cool tensions, but Blume faces tough taskHerbert Diess was toppled after shocking once too often for the liking of VW's family owners, the Porsche and Piech clan
Source: BDliveSA - 🏆 12. / 63 Read more »