Woolies boss gets 16% raise
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Woolworths chief executive Simon Susman received a 16.3 percent pay hike to R9.5 million in financial 2007, the firm’s annual report shows.Woolworths chief executive Simon Susman received a 16.3 percent pay hike to R9.5 million in financial 2007, the firm’s annual report shows.
The remuneration package included guaranteed pay of R3.9 million, a performance bonus of R3.4 million and a R2.1 million benefit from an interest-free loan relating to the purchase of shares under the company’s share option scheme. – Tom Robbins
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