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In Executive Salaries: Who Should Have a Say on Pay? the 2012 CEO pay packages of 50 major South African-listed companies are examined. The average CEO's cash and benefits package in 2012 was almost R13.1 million, rising to almost R49 million once gains made on the vesting and exercise of share incentives are included.
South Africa's history of racism, poverty and social unrest demand that something be done to reverse its extreme income inequality.
This book addresses these pressing issues and considers possible mechanisms to rein in excessive executive pay. Without these interventions, South Africa will continue on a path of instability and unrest, while the rich get richer and the poor become poorer.