Gov’t to review salary contracts over $10M

[Lazie]

2009-11-04 09:31:04 |

The Prime Minister has announced that the Government will be reviewing the contracts of all employees earning more than $10 million per year.

Mr. Golding said the decision follows the revelations in respect of the controversial contract that was linked with the former central bank governor.

Based on the terms of that contract, Derick Latibeaudiere was earning a basic salary of $14 million a year.

However, he was also earning more than $10 million in rental allowance, and just over $13 million to maintain the house.

This pushed the Governor’s annual salary package to $38 million a year.

Mr. Golding said the government wants to ensure that there are no similar arrangements in the public sector.

http://go-jamaica.com/news/read_article.php?id=14001

[Hortical]

$432,000 USD a year, and Golding was not aware of the man's high compensation?

[1of1]

yuh seet?

[Me]

Golding probably was not aware of the outside perks and how the system was being gamed to ensure as high a non-salary cash payment as possible.

[Mosiah]

i thought lazie said his salary was $38M?!!??!

[Me]

It does say his salary package is 38 million.

[Lazie]

i thought lazie said his salary was $38M?!!??!

"The compensation package for the Governor would now amount to $38,363,360 plus a fully maintained car, entertainment expenses, medical and life insurance, guaranteed pension and all other benefits to which non-contracted service employees of the Bank are entitled. Research shows that this exceeds the compensation package for the Chairman of the Federal Reserve Board of the United States."

[Gamma]

"tief neva love fi tief wid long bag"

[Mosiah]

package! oh!