tandich wrote:http://www.businessdailyafrica.com/news/Unga-CEO-gets-54pc-pay-rise-in-year-of-Sh32m-loss/539546-4195592-8wbgcj/index.html
“Unga’s aim is to achieve an integrated approach to reward, linking company strategy in the form of the achievement of corporate objectives and individual performance to salary increases and bonus awards,”
One wonders what performance targets he achieved to justify the salary increase. I dream of the day the shareholders will vote for/against exec pay.
It seems everybody but the shareholder got something out of UNGA.
With increasing expenditure, it will be difficult to attain significant profit margins.They also obtain raw materials quite expensively with some imported from overseas.
They need to come with cost cutting measures sooner than latter.
Towards the goal of financial freedom