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What Financial Mail readers are saying about our stories.
Financial Mail said: Over 15 years, Steinhoff’s CEO has scored R492m in salary and bonuses. If he messed up, shareholders must reclaim some of that windfall. The angle of this article makes for a slippery slope. What does the writer expect next? Collective bargaining for CEOs? Comparing workers’ salary scales with those of the CEO? Come on, man. Only the shareholders decide what the CEO earns and he decides what the rest earn. They set targets for bonuses and happily reduce their dividends to pay the bonuses. Besides, how many millions did he pay in taxes and will that be recouped? - Johann Stassen This makes me sick to my stomach — they [Steinhoff’s executives] live in a country filled with such abject poverty and yet they are still so greedy. A pox on them. - Fiona Valk The crux of the matter: if you were paid any bonus based on perceived performance and that performance is proven to be false, the bonus paid should be clawed back. Though [former Steinhoff CEO] Markus Jooste will s...
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