Greece cuts company executive rewards

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Greece cuts company executive rewards

Kerin Hope - Financial Times

Eurokinisi

Greece’s coalition government has stripped the bosses of the lossmaking state electricity producer of a monthly €3,500 allowance paid on top of their salaries, in a move signalling their intention to slash wasteful spending in the public sector. The “family” allowances, deemed illegal in a recent high court ruling, have highlighted continuing public sector resistance to change, despite Greece’s economic situation. Affected in this case were Arthuros Zervos, the chief

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July 17, 2012

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4 readers comments


1. Philip Vorgias wrote on July 17, 2012 11:06 AM	Greece is TWO YEARS into this crisis and they're only now trimming this chickenshit largesse off the salaries of state-owned companies managers salaries?! This should have been done 1-2 years ago!! Utterly appalling. Georgaki's ministers were worthless, WORTHLESS.

2. Nicholas Kostopoulos wrote on July 17, 2012 12:43 PM	Greece's end is at hand. This what a lying, corrupt, patronage style of government does. All I can say to the unions of Greece, you payback to corruption, threats , etc. is closer than you think.

3. George Magoulas wrote on July 17, 2012 12:59 PM	Greece The Mexico of Europe

4. Niko Seretis wrote on July 17, 2012 6:30 PM	This is what a country becomes after 32 years of Socialism. While our Balkan neighbors are moving forward and playing catch up with the rest of the world, Greeks are paying for their crimes over the last 32 years. George Papandreou fixing the problem is like sending the wolf to take care of the sheep.
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