Having recently spent a month in New Zealand I noticed that their media has the same spiteful attitude towards Company Director's bonuses that prevails here. It really is too bad; if a CEO of a company gets a large bonus it is of concern only to the shareholders of the company who are funding the bonus out of their dividends; it is no one else's business. As a shareholder if I receive a dividend that is 19% greater than the previous year's, I don't give a hoot if that R40 million director's bonus cost me 1% of my dividend - I participate in the giving of the bonus gladly, and wish the CEO well and hope for yet another brilliant performance from him in the future. Even if the company has sustained a loss, it could well be that the loss was due to hard times in that line of business and was held to a minimum by an outstanding performance by the CEO.
Those who have not put up any risk capital have no right whatsoever to act at spokespersons for those who have; they should keep their envy and their spite to themselves.
All of the above does not apply to the copy-cat bonuses paid to civil servants.
Reply With Quote
Did you like this article? Share it with your favourite social network.