No two people think exactly alike and it’s always important to get another perspective. And while the comments ranged from ‘blunderer’ to ‘the brain drain’, and some questioning why it seems only foreign CEOs can run big South Africa corporations.
One thing was evident, while Sasol CEO David Constable’s R50 million a year salary generated a lot of hype, it being excessive was not as clear cut. Brian Kantor puts his mind to the matter on how to value, or not, a CEO. And the economic wordsmith provides some interesting points. One of them looking to establish what difference a well paid, or indeed even an underpaid CEO, would be expected to make to the value of a Sasol given the predominant influence of the oil price on the share price. Well worth the read. – Stuart Lowman
By Brian Kantor*