South African mining CEO pay increased 12-fold during the decade to 2012 at the same time as dividends fell by 25%

Gavin Wendt

MineLife

South African mining CEO pay increased 12-fold during the decade to 2012 at the same time as dividends fell by 25%. South African fund managers are taking mining companies to task for excessive pay and underperformance. The figures above are attributed to Michael Schroder, a fund manager at Old Mutual Plc.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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