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 Richemont supports the Peace Parks Foundation 

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DESPITE posting record profit and sales this year, luxury goods group Richemont executive chairman and CEO Johann Rupert took home a smaller salary and, once again, promptly gave it away.

While disquiet grows around the globe about excessive executive pay in struggling economies, Rupert's salaries and benefit payments from Richemont, Remgro, Reinet Investments Manager and Reinet Fund Manager are traditionally donated to charity.

The company declined to name the recipient charities.

Including his salary, share options and post-employment benefits, Rupert took home €3,6m (R37.8 million) — a drop from last year’s €3,9m (R41 million) — according to Richemont's annual report.

The group, which owns luxury brands such as Montblanc, Piaget and Cartier, grew operating profit by 51% in the year ending March.

But the highest-paid executive at Richemont was not Rupert — It was Deputy CEO Richard Lepeu who took home €8,2m (R86 million).

Richemont supports the Peace Parks Foundation, which promotes sustainable local economic development in Southern Africa.

In the annual report, Rupert acknowledged that raising money for the foundation in recessionary times was tough. "Even so … if they know it's honest and transparent, that you aren't using the donations to fund high salaries and administration costs, and that you deliver what you promised them, the money is there."

Source: Business Day

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Tue May 21 00:06:25 SAST 2013 ::

Jun 22, 2012

truthhurt

Hi Sir i am also charity, can i give you my bank details please.
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Jun 22, 2012

FaniMadida

Isn't it strange how blacks always lambast whites for only caring about themselves and not giving enough of what they have to the less privileged? And then an article like this comes around and it seems to get ignored.
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Jun 22, 2012

tpaz

if you see them donating, they are about to die- making amends with God.
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Jun 22, 2012

The-Rothschilds

Well done man! Even though its your hard earned cash, glad to see you investing your money in social needs.
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Jun 22, 2012

MommaC

This is the man that Malema and his band of young puppies are always swearing at. Makes you realise just how dof they are
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Jun 22, 2012

Ratoza

Big upps to you Mr Ruppert. Blessed is the hand that giveth. God will richly bless you. Unlike some people who care about their own pockets.
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Jun 22, 2012

2shy2call

I am not sure if he does what he says he's doing, why not name those charity sothat Sowetan varify if is true. Just to update you i am a charity case too, my banking details will follow
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Jun 22, 2012

Cowgirl

FaniMadida
Isn't it strange how blacks always lambast whites for only caring about themselves and not giving enough of what they have to the less privileged? And then an article like this comes around and it seems to get ignored.
_________________________________________

huh?

excuse us for commenting on other articles and not flooding this one as soon as you would have liked us to...now coming back to your comment...wouldn't it be nice if you held it on your generalisation and also take your head out of the sand and realise that this happens all the time....ordinary folks doing great deeds...only exception is that there is no MEDIA coverage on the ordinary folks who don't give a sh%t about PR.

Good day to you and your slave mentality!
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Jun 22, 2012

10Cents

ya neh, some people are such a givers!

God will bless you back Joh..
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Jun 22, 2012

FaniMadida

Hi Cowgirl!

I must apologise - Sowetan articles don't indicate at what time it had been published on the site. I must have logged on just as this article was published and hence it seemed like no one was paying any attention to it. Sorry!

I think I may have not made my point clear enough: I know there are thousands of whites who go out of their way to help less privileged people (blacks) - through running soup kitchens, donating food and clothes and distributing it in townships, running workshops to teach people skills etc. These actions never get reported in the media...but somehow some commentatotors on this site often accuse ALL whites of being racist, hating blacks with a passion and always trying to undermine the hopes and aspirations of blacks.

Slave mentality? I don't understand.
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