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Jun 12, 2008

CEO & CFO of a GLC to get 100 % wage increase?!

Rocky Bru

B l a t a n t.
I hope what I heard is not true, that the CEO/President of this major Government-Linked Company, together with his Chief Financial Officer, are going to get a 100 per cent increase in their pay package!

If the CEO is getting a RM50,000 package now, he'll be getting RM100,000 a month. If the CFO is getting RM25,000 now, his package will swell to RM50,000!!!

If it's true that the Board of Directors of Tenaga Nasional Berhad has approved the increment (because that's what I have just heard, and they are just awaiting Pak Lah's approval as Finance Minister), all the Government's talk about saving cost and changing lifestyles because of the higher petrol/diesel prices will sound so very hollow.

And the July tariff rate increase already approved for this GLC will face the greatest opposition of all time.


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