Tuesday, August 18, 2009

Bigger payouts for directors despite economic woes??

Since the occurrence of world economic crisis, the employers have retrenched millions of workers or exercised pay cuts affecting the wage earners around the world. Not too bad for me, still keeping my job but the increment for this year was cut and the bonus is going to be affected as well.

But how come the public listed companies such as Genting, IOI, SP Setia, Ancom, Hiap Teck, Public Bank and so on can still afford for bigger payouts for their directors in the bad time likes this? Are the employers cut our increment and bonus so that they can better pay their directors? This is something that deserves the attention of Bursa Malaysia as it is clearly a victimization of the public listed companies on the wage earners.

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