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Safaricom Chief Executive Officer (CEO) Bob Collymore pocketed about Sh540,000 per day in remuneration, the company's annual report has revealed.
The yearly report from Safaricom's financial year ending March, 2018 shows that Collymore earned a total of Sh196.47 million, translating to Sh16.4 million per month.
This reflects an increase of 16 percent on his salary compared to the previous financial year, when the CEO earned Sh164.45 million.
The huge pay included an annual basic salary of Sh94.32 million, Sh32.42 million bonus, non-cash benefits worth Sh35.64 million and a stake in the company worth Sh34 million.
Safaricom Chief Financial Officer (CFO) Sateesh Kamath took home Sh 96.6 million during the year, which included Sh52.79 million basic salary.
Former CEO Michael Joseph, who is now a board member pocketed Sh2.93 million while Bitange Ndemo, a Safaricom board member earned Sh2.61 million.
Susan Mudhume, a non-executive director at Safaricom was paid Sh 8.48 million, bringing the total remuneration bill for all executive and non-executive directors to Sh327.47 million for the year.
The Chairman of the Board earned Sh85,000 sitting allowance per meeting, Non-executive directors received a sitting allowance of Sh50,000 per meeting.
Currently, the telco has 6,130 employees comprising of permanent staff and contractors who received a total of Sh9.18 billion in salaries.
Comments
Wewe GUEST 1 angaria pandi zote.Tell us why jambazi Uhuru is being paid shs 35m.per month,muuaji Raila shs 20m. per.M.and jambazi Ruto shs 5m.per.M for owning useless private political parties?Kenya's fake judiciary will demand shs 20 b.deposit to challenge this part of useless constitution.Bongolalas said "YES" to a document they cannot challenge in court.
How about the regular employee of Safaricom? We need to compare the 2 and tell me where each one shops??Please CEO, cut off your salary and increase the lowest paid employee and God will bless you abundantly
Absolutely!
The admiration for such huge salaries is coming to an end, as Kenyans move back to their traditional ways. Money as money will soon be worthless. What is important is what you spent it on while you had it. As Kenyans move back to their traditions, people's lives will be more important than money. That time is here. God help Kenya!!
What proof do you have to conclude this? Are we not worshipping those with more money? Why is this Collymore salary a big deal if we are not worshipping money.
It is stolen money from wanainchi they charge a lot to withdraw....to browse..Sir reduce the charges and calls per minute with technology whatsup be4 you notice you might go down like Kenya post office iyo ni jasho ya wakenya..Wapi awambo we resist safaricom Mpaka...salary yake iwe lowered to 200k a day is even too much
There was life before SAFARICOM came 20 years ago.You should go back to the method you were using to wire money with before MPesa.Many use MPesa because it's untraceable by taxman.Others do it because it's easier,fast etc.So @Romeo 23 & Co.should just be told -hii ni mbiashara.Nunua UTUMISHI ama unipe nafasi.You can be sending $s to your loved ones using envelopes uwachane na MPesa.Or the altanitanitive your god,Raila ordered to use while boycotting Safaricom.
Like Alcoholism, Kenyans are ADDICTED to Safaricom; and therefore Bob Collymore's CASH Cows and their Worst own Enemies.
Too much Money is NOT good for anybody's health. That's why "The Love (rather than NEED) for is Source of All Evil (some of which is Stress, High Blood Pressure and Overall sickness).