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James Wellwood "Whitey" Basson (born 8 January 1946) is a South African businessman and billionaire who was largely responsible for growing a small business called Shoprite from an 8-store chain valued at R1 million [2] into an international retail conglomerate with revenue in 2019 of R150 billion, market capitalisation of R114 billion, more than 2 300 stores and 140 000 employees across 15 ...
Shoprite Holdings announced at the company's annual general meeting held on 31 October 2016 that the company's chief executive officer, Whitey Basson, had decided to retire at the end of December 2016. The board appointed Pieter Engelbrecht (born c. 1970), the former chief operating officer, as the incoming CEO as of 1 January 2017.
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
In 2016, which was Schiller's last full year as president and CEO, he earned a base salary of $910,000, a $568,750 bonus, $1.5 million in nonequity incentive plan compensation, $1.2 million in ...
In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries. It is a measure of wage dispersion. There has been a resurgence in the importance of the wage ratio as well as the CEO Pay Ratio. The amount of money paid out to executives has steadily been on the rise.
In 2019 the highest paid CEO was Tesla's Elon Musk at $595.3 million [15] The U.S. has the world's highest CEO's compensation relative to manufacturing production workers. According to one 2005 estimate the U.S. ratio of CEO's to production worker pay is 39:1 compared to 31.8:1 in UK; 25.9:1 in Italy; 24.9:1 in New Zealand. [ 16 ]
Commentary by Tad Weber: The hospital board’s duty is to provide reasonable pay while getting the best leader it can find.
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