Latest update November 26th, 2024 1:00 AM
GuySuCo’s CEO salary outrageous – AFC
Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, has described the salary being received by the Chief Executive Officer (CEO) of the Guyana Sugar Corporation (GuySuCo) as outrageous.
In an invited comment to this newspaper yesterday, Ramjattan said, “this is outrageous in the context of GuySuCo which is in a pathetic financial situation. This disparity as to what the bosses get and what ordinary sugar workers get is most extreme!”
CEO of GuySuCo: Errol Hanoman
But according to Ramjattan, the $2.5 million salary which the CEO, Errol Hanoman, collects on a monthly basis was approved by some members on GuySuCo’s board.
“These are so called working class, proletariat (grass roots) leaders. Sugar workers must now appreciate the kind of leadership they were and are getting. Workers should demand information as to the privileges and perks of the Chairman, Dr. Nanda Gopaul, and other members of the board,” Ramjattan told Kaieteur News.
However, the AFC chairman also called for the board to resign, given its hapless performance. According to Ramjattan, the performance of the directors is also shameful. “Workers must unite and break themselves out of the PPP government shackles.”
On Sunday, Kaieteur News reported that Hanoman earns a salary of some $2.5 million per month.
His contract offered by the sugar company states, “Your annual remuneration while working in Guyana (including salary and pension allowance) will be paid by GuySuCo in Sterling.
“Your initial salary (net of income tax and other statutory deductions payable in Guyana) will be at a rate of £74,904 per annum, payable on a monthly basis. Your pension allowance will be paid with salary at the rate of £9,942 per annum.”
The rate of the Central Bank for the Pound Sterling last week was $335 per Pound Sterling.
Mr Hanoman’s salary will be reviewed on February 14, 2010. The contract offering him the salary stated that salaries are reviewed on January 1, 2010. That letter was dated February 19, 2009.
Hanoman acceded to the post of Chief Executive Officer when the GuySuCo Board of Directors ordered a shake up in the face of what they considered inefficiencies and mismanagement.
At the time, Hanoman was Finance Comptroller in the sugar company. However, his contract was addressed to a British address—84 Medina Gardens, Bicester, Oxon. This suggested that Hanoman was recruited from overseas.
He is entitled to 26 days paid annual leave to his home in London with an additional two travel days.
“Any days spent of Guysuco business during leave in the UK will also be additional to the leave allowance.”
In addition, Hanoman and his spouse will “each be entitled to the equivalent of one Business Class return air passage between the United Kingdom and Guyana per annum.”
“GuySuCo will provide …rent-free furnished accommodation, electricity, water and other utilities up to reasonable limits: together with appropriate domestic assistance and gardener.
“Guysuco will also provide free medical care (or appropriate medical insurance) covering consultation, prescribed drugs and hospitalisation for you and your spouse resident in Guyana.”
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
A call for more cultural centres
…Peeping Tom Kaieteur News- Burnham’s decision to divert the Indian Immigration Fund towards constructing the National... more
Rising Gun Crimes in the Caribbean: Urgent Action required by all
By Sir Ronald Sanders Kaieteur News – There is an alarming surge in gun-related violence, particularly among younger... more
Weekend Cartoon
