EDITORIAL: Former Pick n Pay CEO’s golden handshake a bitter pill for investors
Pieter Boone received a parting gift of R16m despite his disastrous tenure
01 July 2024 - 05:00
In the world of corporate compensation, there is a phenomenon that sometimes leaves shareholders bewildered and disheartened: the golden handshake.
Pieter Boone, the former CEO of Pick n Pay, received such a parting gift — a staggering R16m — despite his disastrous tenure. But what does this windfall mean for the investors who have weathered the storm of value destruction? ..
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