Famous Brands claims that an error in the Sunday Times rich list has caused its former CEO, Kevin Hedderwick, “significant distress and embarrassment”.<\/p>\n
The listed company is a leading quick-service and casual dining restaurant franchisor, with brands including Wimpy, Mugg & Bean, Tashas, Steers, and Debonairs Pizza in its stable.<\/p>\n
Famous Brands pointed to what it claimed was a “serious error” contained in the Business Times\u2019 Rich List, published on 11 December 2016, in which it said it was stated that Hedderwick earned a salary of R45.991 million.<\/p>\n
“This figure should in fact be R4.591 million, as reflected in the Group\u2019s Annual Financial Statements published on 19 June 2015.<\/p>\n
“This error has caused Mr Hedderwick significant distress and embarrassment and reflects negatively on the remuneration policies and practices of the group,” Famous Brands said.<\/p>\n
Hedderwick is currently a strategic advisor for Famous Brands, having retired as chief executive in February.<\/p>\n
The company highlighted the potentially damaging impact the typo could have on its reputation and called for the paper to issue an apology and correction.<\/p>\n
Famous Brands claims that an error in the Sunday Times rich list has caused its CEO, Kevin Hedderwick, “significant distress and embarrassment”.<\/p>\n","protected":false},"author":10,"featured_media":144519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[26],"class_list":["post-147189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/147189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=147189"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/147189\/revisions"}],"predecessor-version":[{"id":147349,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/147189\/revisions\/147349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/144519"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=147189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=147189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=147189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}