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BusinessTech reports that former Naspers chief executive Bob van Dijk scored a massive R330 million pay cheque for the latest financial year – and will still get paid R2.2 million a month for the next six months.
Naspers’ remuneration report for the 2024 full year shows that the former CEO received a basic salary of $1.4 million, a bonus of $1.4 million and various other share options that took his total single salary payout to $18.27 million for the year (R330 million). Included in this amount was a $747,000 severance payment (R13.5 million). The severance payment qualified as an appropriate, all-inclusive compensation for loss of office, Naspers explained. The group previously announced that Van Dijk would step down from the role in September 2023, but would remain at the group as a consultant until September 2024 to ensure a smooth transition. According to the group, this consultancy period commenced on 1 April 2024, and for services rendered until September 2024, a gross fee of €113,436.18 (R2.2 million) per month would be paid. Put another way, the latest pay data shows that the former Naspers CEO earned just under R1 million a day for the past financial year, adding to the insane salary he has taken home since being appointed Naspers chief in 2014. Adding the latest pay data, the former CEO earned over R1.8 billion during his 10-year stay at the company, taking home close to R500,000 a day. Should the performance conditions for the Prosus and Naspers performance share units granted in 2021 be met, Van Dijk will still be entitled to an additional gross payment to compensate him for the lapse of certain long-term incentives.
- Read the full original of the report in the above regard at BusinessTech
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