Let's play a not-so-fun game: try and guess what Woolies' CEO Roy Bagattini’s 2023 pay amounted to.
According to Woolworths’ annual remuneration report for 2023, its major leadership earned breathtaking amounts over the last financial year.R5 million? Cute. R10 million? A joke. R50 million? Not even close.
Bagattini’s guaranteed pay amounted to R20.4 million, short-term annual incentives of R28 million, long-term share options that were given to him three years ago to the tune of R66.7 million and share dividends valued at R7.1 million.As for Woolworths’ chief operating officer, Sam Ngumeni – he earned a very good, very nice R97.14 million for 2023.
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