No more big salaries for GLC heads
Dr M: They will be rewarded when the companies perform well
NO more big salaries for those appointed to head governmentlinked companies but they will be rewarded with a “big bonus” if they perform.
“We found those appointed were chosen not because of their abilities in business or management, but due to being party supporters.
“They were inefficient but were paid high salaries. We found projects under them had failed or were not profitable,” Prime Minister Tun Dr Mahathir Mohamad told the Malaysian media at the end of his twoday visit to Jakarta on an Asean tour.
When asked to name the GLCs, he declined, saying there were too many.
“Many, many GLCs, I can’t be specific because many of them are political appointees including ambassadors.
“There are 17,000 appointees who have no ability and are just party supporters.”
Dr Mahathir said the Pakatan Government needed to replace these CEOs with ones not linked to any political parties.
“We will hire, where possible, professionals to run the companies and we will get the ones with experience in managing companies.”
Asked if the Government will review the salaries of heads of the
GLCs because some were allegedly paid RM10mil in gross salary, Dr Mahathir said the ones to be appointed will not get big salaries.
“Their salaries will not be big. They will be paid bonus and the bonus will be big.”
On the new ministers to be sworn in on Monday, Dr Mahathir reminded those who were involved in corrupt acts or abused their power that they would be “moved out”.
“At any time (they are involved), action will be taken,” he added.