Koos Bekker, the recently retired CEO of listed media and internet giant Naspers, worked for the company for free during his extended contract period, lasting nearly a year.<\/p>\n
Bekker\u2019s five-year contract, which started on 1 April 2008, was extended in 2013. He resigned\u00a0at the end of March 2014, when Bob van Dijk was appointed chief executive of the group.<\/p>\n
“No remuneration was paid in respect of the extended contract for the 2013\/2014 financial year and no share offers were made. No compensation applied to termination,” Naspers said in its annual report.<\/p>\n
By way of a special remuneration scheme at Naspers, Bekker has not received any direct compensation from the company for five years \u2013 a deal which started in April 2008.<\/p>\n
In lieu of remuneration Bekker was awarded 11.7 million Naspers N shares, which were paid over five years in installments of 3.9 million shares after year two.<\/p>\n
In the group’s latest annual report, Bekker’s shareholding in Naspers is at 16.4 million shares.<\/p>\n
And, at a spot price of R1,285 on 25 July 2014, this places Bekker\u2019s total shareholder value in Naspers at just over R21 billion.<\/p>\n
Forbes puts Bekker as the 1,213th richest person in the world with his wealth pegged at $1.5 billion (R16 billion).<\/span><\/p>\n Bekker led the founding team of M-Net\/MultiChoice pay-television business in 1985. He headed the MIH group in its international and internet Bekker will succeed Ton Vosloo as non-executive chair in April 2015.<\/p>\n * Naspers share price at R1285.50 (25 July 2014)<\/small><\/p>\n
\nexpansion until 1997 when he became chief executive of Naspers.<\/p>\nNaspers Executive pay<\/h3>\n
\n\n
\n Executive<\/strong><\/td>\n Position<\/strong><\/td>\n Salary<\/strong><\/td>\n<\/tr>\n \n Stephan Pacak<\/td>\n (Former) CFO<\/td>\n R7.518 million<\/td>\n<\/tr>\n \n Ton Vosloo<\/td>\n Group Chairman<\/td>\n R4.771 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Share holdings and value<\/h3>\n
\n\n
\n Executive<\/strong><\/td>\n Position<\/strong><\/td>\n Shareholding<\/strong><\/td>\n Value*<\/strong><\/td>\n<\/tr>\n \n Koos Bekker<\/td>\n (Former) CEO<\/td>\n 16,376,499<\/td>\n R21,052 million<\/td>\n<\/tr>\n \n Stephan Pacak<\/td>\n (Former) CFO<\/td>\n 1,051,058<\/td>\n R13,513 million<\/td>\n<\/tr>\n \n Cobus Stofberg<\/td>\n Senior Executive<\/td>\n 451,719<\/td>\n R580 million<\/td>\n<\/tr>\n \n Johannes Van Zyl<\/td>\n Non Executive Director<\/td>\n 201,157<\/td>\n R258 million<\/td>\n<\/tr>\n \n Ton Vosloo<\/td>\n Group Chairman<\/td>\n 160,000<\/td>\n R205 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n More on Naspers and Koos Bekker<\/h3>\n