The decline in Blair’s remuneration underscores the complex relationship between executive compensation and a company’s financial performance.
"Mark Blair "
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The compensation is more than three times the $1.12 million that he received in the 2020-2021 fiscal year.
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South African CEO Mark Blair takes home $1.26 million, sees bump in earnings from Mr Price Group
Mr Price Group is a listed retail company in South Africa.
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Mark Blair-led Mr Price expects half-year earnings to jump by 30 percent thanks to strong retail trading operations
Although retail companies saw their income drop in 2020, a fast recovery is expected for market leaders like Mr Price.
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Studio 88 group is the biggest independent retailer of branded leisure, lifestyle, and sporting apparel and footwear in South Africa.
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Thanks to the surge in Britam shares, Mbaru’s stake in the Kenya-based diversified financial services group is worth Ksh748.8 million ($5.77 million).
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From his early influences to shaping a $16 billion financial empire, Rogers, Jr. stands as an architect of inclusivity and philanthropy.
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As a non-executive director on Britam’s board, Mbaru holds a beneficial stake of 5.15 percent, comprising 130,000,000 shares in the company.
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While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
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Mbaru holds a 7.72-percent stake in Britam Holdings.