New story from Times Live published by Mortimer Goth October 9, 2009
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New research has found that the median chief executive officer package increased by 11.6% to R5.3-million in 2009, from R4.7-million in 2008.
Executive search and reward solutions firm Mabili report on directors' remuneration for 2009 pointed to the "difficult market conditions" that resulted in reasonably low executive pay increases in comparison to previous years, but nevertheless saw FirstRand chief exec Paul Harris pocket R27.8-million, and Sanlam CEO Johan van Zyl take home R27-million. More: http://tinyurl.com/compensation148
