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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka 'Ayahapalanaya' on the Rise: President's Brother P.G.Kumarasinghe Sirisena demands over Rs.2.85 Million salary per month from State owned Telco SLT

Sri Lanka 'Ayahapalanaya' on the Rise: President's Brother P.G.Kumarasinghe Sirisena demands over Rs.2.85 Million salary per month from State owned Telco SLT

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DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

President's Brother P.G.Kumarasinghe Sirisena demands over Rs.2.85 Million salary per month from State owned Telco SLT, Krishantha Cooray is also said to be demanding over Rs.1 Million salary per month

Worst Governance: Former Chandrika regime's Road Development Authority appointed goon now state owned Sri Lanka Telecom Chairman appointed stooge Kumarasinghe Sirisena (Maithripala Sirisena's brother) demands Rs.2.85 million salary per month from SLT on a salary hike approval from present Rs.950,000 per month amid SLT Board's displeasure...In another development it is said another political goon a UNP stooge appointed possibly Krishantha Cooray is demanding a salary hike over Rs.1 million per month from SLT - Reports Sunday Times

Sri Lanka 'Ayahapalanaya' on the Rise: President's Brother P.G.Kumarasinghe Sirisena demands over Rs.2.85 Million salary per month from State owned Telco SLT 10525910

Alarm bells over chairman’s multi-million pay hike for himself
The influential chairman of a state institution which boasts that it connects all Sri Lankans wanted his salary increased. The man has come to the limelight for his filial connections. The man, who now receives Rs. 950,000 a month, has forwarded a Board Paper himself seeking a three-fold increase of his salary. This was to include a payment be made to him for overlooking an affiliate institution.

The board members who were stunned by the Chairman’s move did not say “yes” to the proposal. The Malaysian shareholder vehemently objected. “How could we justify such an unconscionable increase? We cannot end up paying in millions for him alone. At the same time, a senior official, a political appointee made a pitch for a million rupees a month wage. This too was shot down. That is not Yahapalanaya (Good Governance),” said a board member of the company in which the Government has a majority stake. The foreign shareholder in the meantime is mulling a pull-out if this is how appointees of the new Government are going to cream the profits off the company.

http://www.sundaytimes.lk/150405/columns/udayangas-diplomatic-passport-withdrawn-further-action-soon-143578.html

Gamunu


Senior Equity Analytic
Senior Equity Analytic

relations also eat termites also eat

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Let the Chairman himself justify of his demand. Even a highly qualified person who works abroad is not paid a such huge remuneration. What happens top ranking professional heads of other industries claim the same?

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