Signature Move1 book · 3 highlights

No Salary, No Bonus — Only Ownership Upside

Books Teaching This Pattern

Evidence

Koos Bekker's Billions by T. J. Strydom — book cover

Koos Bekker's Billions

T. J. Strydom · 3 highlights

  1. "‘So I said, all right, I’ll come, but I don’t want a salary or a bonus or a car or a medical scheme or anything like that,’ Bekker told an interviewer later in life.8 The job on offer was Vosloo’s, as CEO of Naspers. The starting date was 1 October 1997."

  2. "‘I don’t want a fixed package, and you can fire me on 24 hours’ notice,’ Bekker told Vosloo. But he added: ‘I want 3 per cent of the long-term value created above inflation.’11"

  1. "‘So, we start on a certain day, and then there is a value, and then we measure it again after five years. And we say, if the value is only that, or only that plus inflation, then you take home nothing,’ went his conversation with Vosloo.16"

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