PHILIPSBURG–Finance Minister Richard Gibson intends to table a policy in the Council of Ministers to limit the salaries of top executives of government-owned companies to match that of the prime minister.
Gibson told the press on Wednesday it cannot be that the members of boards and management of government companies make more than the prime minister when the head of the Cabinet has far more hefty responsibilities.
The salaries also need to be curbed due to companies suffering from the lack of performance by top management. Government should get a return on its investment, Gibson said. If there are losses, there is no basis for an executive to get a bonus, he said.
“It’s time to take a good look at this and put policies in place,” the Minister said.
Source: Daily Herald
Gibson to table policy limiting high salaries