MultiChoice’s latest annual report revealed a concerning fact about the MultiChoice directors’ shareholding in the company.
MultiChoice’s latest annual report revealed that, apart from executives who received shares, not a single director owned shares in the company.
However, directors are less likely to think like shareholders and act in their best interest if they are not shareholders themselves. It achieved tremendous success. If you had invested $100 in Berkshire Hathaway in 1978, you would have over $400,000 today. This is not a coincidence. It is by design. Any candidate should own Berkshire stock representing a substantial portion of their investment portfolio for at least three years.
The broadcaster’s loss for the year increased from R2.9 billion to R4.1 billion due to losing subscribers. The company’s chief executive, Calvo Mawela, was paid R53 million, and its CFO, Tim Jacobs, received a pay package of R28.9 million. Business Live reported that the disparities between board member remuneration and consultancy arrangements raised eyebrows.
Headline Imtiaz Patel Multichoice Tim Jacobs Warren Buffett Broadcasting
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