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What would you do with a $218 million salary?
News
July 9, 2020

What would you do with a $218 million salary?

It’s pays to be a banker, literally.

The top five executives at Sagicor Financial

Corporation received US$24.3 million in compensation last year.

For those of us who have problems doing the conversion, that’s J$3.4 billion over the course of A. Single. Year!

The bulk of that went to the Group President

and Chief Executive Officer, Dodridge Miller, who received US$14.97 million in

compensation from the financial institution.

Chris Zacca, the president of Sagicor Group Jamaica, was the fourth-best compensated person on the list with a mere US$1,554,695 million, or J$217.5 million. I mean, that’s an ‘okay’ amount, if you’re into making money and that kinda thing.

His basic compensation, which includes

housing and motor vehicle benefits, is US$542,450, according to the Group’s

management information circular which was made available to investors on May 1.

His compensation would have been further boosted by share-based awards, which reflects the value of the Group’s shares as at December 27, 2019, option-based awards, and annual incentives.

For those of you currently re-evaluating life

and wondering where we went wrong, we absolutely cannot help. Not only are we

on the same train, we didn’t even book the good seats.

Sagicor’s top five executives received US$24.3 million in compensation last year.
President of Sagicor Group Jamaica, Chris Zacca

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