This is just the tip of the iceberg - Corbin

This is just the tip of the iceberg – Corbin

Dec 16, 2009 News

“Even if they pay the CEO a dollar, the sugar industry will still collapse.”

The issue of Chief Executive Officer Errol Hanoman’s salary is only one part of the dilemma being experienced by the Guyana Sugar Corporation (GuySuCo).
This is the opinion of leader of the People’s National Congress Reform (PNCR) Robert Corbin.
Corbin told Kaieteur News yesterday that this (the CEO’s remuneration) among other issues, clearly shows a lack of effective planning for the sugar industry, as for example, millions of dollars have been spent on a modernisation plant, which does not even have the capacity to develop the sugar industry.
Corbin also described the matter of the ‘super salary’ as an ‘outrageous situation,’ which he said is an indictment of the current PPP administration.
“Even if they pay the CEO a dollar, the sugar industry will still collapse…this is just the tip of the iceberg,” Corbin said.
Kaieteur News had reported that the Chief Executive Officer (CEO) of GuySuCo, Errol Hanoman receives a salary of $2.5 million on a monthly basis.
The Alliance for Change (AFC) has described this as ‘outrageous,’ since along with the $2.5 million, Hanoman is also entitled to pension allowance, which 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.
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.”
(Fareeza Haniff)