Non-executive directors underpaid in SA

[Leonp]

The R15,000 rand rent for an apartment in London as a minimum I believe, so our local rent is far underpaid. At R24 a liter in London average I believe, so our local fuel is under paid.

Simply looking at the figure is no comparison. One has to look at all aspects of the cost of living to understand the value of wages. You will find on average, European employees way over educated in many jobs, which they hold because they simply can not get jobs that they studied for, and have accepted another job to feed the family.

yes yes the OP asked for an opinion on comparisons with the rest of the world. the typical minimum wager in south africa wont rent an apartment, will use a taxi, and wont have a pension plan beyond the gov social grant. i don't know, i'm asking, does the typical minimum wager in the UK own a car, have a pension plan and be able to educate their children?

but I'm digressing from the point of my post: regardless of the value of a minimum wage, execs are worth their millions if they create jobs throughout the spectrum.

[Justloadit]

execs are worth their millions if they create jobs throughout the spectrum.

I concur

[Blurock]

regardless of the value of a minimum wage, execs are worth their millions if they create jobs throughout the spectrum.

Fact is they don't. The first thing they do when times are tough, is to retrench - and then reward themselves with a bonus! Do you want examples? Just look at the banks and big corporates. This is a worldwide business phenomenon that is finding its way into government as well.

So are execs worth their millions? I say no. (with one or two exceptions)

[Justloadit]

So lets fire the whole lot of execs then. Who ever takes their positions is certainly not going to work for minimum wages, the responsibilities is just far too much.

Currently the CEO for one of the motor vehicle manufacturers in USA is being taken to court because of a faulty ignition switch.
Recently one of the oil company execs was taken to court about the Gulf oil spill, and many more of these.
There is huge responsibility in theses positions.

In many instances the CEO's are not directly involved with the original decisions, but when the sh!t hits the fan, they have to be creative to handle it and maintain the company in a profitable situation, amongst this is all the red tape and legislation that has to be monitored and adhered too. Its far more complicated than siting in a plush office racking in the bucks.