 "Naspers awards CEO $10.4 million")
Naspers awarded Chief Executive Officer Bob Van Dijk $10.4 million in long-term share options as Africa’s biggest company by market value seeks to boost its global internet businesses amid declining profit at the sub-Saharan Africa pay-TV operation.
The incentive comes on top of a salary of $2.2 million in pay and bonuses for the most recent fiscal year through March, the Cape Town-based company said in its annual report. Chief Investment Officer Mark Sorour received $2.6 million, including a $1.2 million bonus based on his deal making success, which included the sale Polish online business Allegro for $3.25 billion.
The pay awards correspond with a year in which Naspers earnings increased by 41 per cent to $1.8 billion, driven by the performance of Chinese internet company Tencent Holdings. Naspers executives met with investors in the US and London last month about a planned bond issue to help repay debt and pursue further acquisition targets as the company seeks more fast-growing investments.
Bloomberg
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