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Salary of a CEO

Friday, November 13, 2009

According to a news item titled "Salary of new KESC CEO up by 35pc" (November 6), the salary of the new KESC CEO is 35 per cent more than what his predecessor was being paid. He will draw Rs1.3 million per month plus free accommodation and other perks. If the KESC had shown some improvement after privatisation, it would have been understandable. But the power company is making losses of Rs15 billion every year and its management has not been able to reduce even line losses. The KESC should reduce its expenses and one of the ways of doing it is to keep the salaries and perks of the senior executives reasonable.

Shakir Lakhani
Karachi
The News, November 13, 2009

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