http://www.guardian.co.uk/world/2012/feb/17/spain-limit-executive-pay
Here's a bit of a shocker.
Spain's new PM Mariano Rajoy (foto)...a conservative...announced his administration's third crackdown on state executive pay.
It means that basic salaries at large state firms will top out...at E105,000/$138,000... effectively cutting average salaries...by a whopping 35%...at some 4,000 firms.
Rajoy's actions come after widespread public anger over recent 'golden parachutes'...given then withdrawn...from some top executives of failed state banks.
Spain also needs to pare E40 bn from its budget...while suffering from a 23% unemployment rate.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.