Would you

Finweek English Edition - - COVER STORY -

take the top job at plat­inum miner Lon­min? With bankers bay­ing for their pound of f lesh, be­ing drowned out only by the im­pas­sioned call of minework­ers re­fus­ing to work un­less they are paid more and share­hold­ers be­ing forced to stump up even more cap­i­tal for you to stay in busi­ness, it too is a daunt­ing and unattrac­tive prospect.

While be­ing a Lon­min miner might rank among some of South Africa’s least de­sir­able jobs, run­ning the place is hardly a Sun­day school pic­nic ei­ther.

Hand­somely re­warded for their ef­forts, the man­age­ment team at Lon­min, sans CEO Ian Farmer, hos­pi­talised in the week of the Marikana shoot­ings due to an ap­par­ently un­re­lated ill­ness, earns more in a year than their work­ers can dream of in a life­time.

Ac­cord­ing to the Lon­min an­nual report, Farmer earned £1 220 629 in 2011 – a sig­nif­i­cant re­ward for a dif­fi­cult job.

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