Business Report writes that multinational internet and media group Naspers paid its executive directors a combined $18.86 million (R252m) during the year to March, according to the company’s annual report released on Friday.
The media group’s chief executive Bob van Dijk was paid an annual salary of $1.33m, up from last year’s salary of $1.1m. His total remuneration escalated to $2.4m when a bonus of $1.06m is included in the figure. During the year he also earned $9.64m in fair value long-term share incentives to take the overall package to $12.02m.
Two other executives in the group were also handsomely rewarded during the year.
Basil Sgourdos, the chief financial officer, received a salary of $862 000 plus a bonus of $605 000 to take home a total package of $1.47m. However, he also received an amount of $1.95m as long-term share incentives during the year.
Mark Sorour, who stepped down as the company’s executive director and group chief investment officer at the end of the financial year, received an annual salary of $719 000, a bonus of $1.9m and long-term incentives of $778 000.
Executives only received payouts under its longterm incentive plans when the value of underlying assets or the Naspers share price increased.
The original of this report by Sandile Mchunu appeared on page 15 of Business Report of 23 July 2018
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