Monday, June 23, 2008

TNB board of directors push for TNB's CEO salary increment....dumb or dumber?

I'm very surprised and shocked when I read that TNB board of directors were pushing for TNB CEO salary hike at this time of current economic scenario. It was reported in B.Harian that the CEO earned RM1,107,280.00 per annum, about RM92273.33 per month, way too much for us normal 'rakyat' and they are still pushing for 100% increment. Read more HERE WTF? While the CEO enjoyed his 'Bold & Beautiful' lifestyle, everything paid by the company, the middle and low income earning TNB employees were only receiving 3% salary revision. Who suffers more...the employee or CEO? Fuel alone experienced 40% increase in price, while prices for other things such as raw food, etc2 are also increasing like there is no tomorrow. So what is 3% to them? Taking fuel alone into account, they are still experiencing deficit of (-37)% of income due to fuel price hike. Not considering the rest...rice, sugar, transportation, vegies....etc2...
And typical of GLCs and cronyism, Tan Sri Azman Mokhtar, CEO of Khazanah supported to increment, as 'Che Khalib performance is outstanding'. Which part is outstanding? I wish somebody can cast a spell so his penis really grow on his forehead, that'll be outstanding.
Electricity is not a luxury item anymore, it is a necessity. Seriously, we can't really live without electricity in these days. People need to use electricity whether you live in urban or rural areas, whether you are high income earners or the struggling low income earners, whether you are rich or poor. No exception there. So...simple logic says, if everybody need to use electricity, which TNB is the sole power provider in peninsular (with some independent power provider in Sabah & Sarawak), with the increase in size of population, which lead to more electricity usage and revenue for TNB, then why should an increase in TNB's revenue be a measuring stick for performance? It is a necessity!!!
I strongly disagree with the motion to increase TNB's CEO salary by 100%, which I think is bloody ridiculous and a waste of government money at this moment of time. It is our money, 'rakyat's money, our tax money that will be use for his more than 1 million RM salary. You the government give lot's and lot's of advice on how to spend less, how to spend our money wisely, how to save more money, but 100% increment of CEO's salary? If the government one day agree to that motion, I don't know what more to say...

1 comment:

Jingga Studies said...

"earned RM1,107,280.00 per annum, about RM92273.33 per month"

damn that's crazy rich already!! kerajaan should suggest a pay cut rather than to double it...deorg ni memang tak pikir kot!

haha i agree with your point on outstanding thingy ..sure la..aku pun boleh make profit jual letrik!!!!!! benggong laaaaaaaaa