Greece cuts company executive rewards
Kerin Hope - Financial Times
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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