CEOs' Salaries Should Not Be Higher than PM's

Company CEOs have to think of a suggestion of economising measures and the PM told them to reduce their managerial salaries.

ZAGREB, CROATIA – A meeting of 19 companies’ directors with Croatian Prime Minister Ivo Sanader took place on Tuesday when they discussed CEO salaries. 

- Regarding managerial salaries, we have said, and sent it to the Prime Minister, that we agree with the idea that CEOs of all companies, public institutions and public companies owned by the state should not have higher salaries than the prime minister of president of state – the president of the Croatian Forests Management, Darko Vuletic, told the Croatian Radio and Television.

The directors said that it was possible to save at least a billion and a half kuna, to which Sanader said that they should begin from their own salaries.

The directors were given a deadline until Wednesday to come up with a proposal of saving measures. Their suggestions will be included in the additional anti-recession measures which the prime minister will present at Thursday’s government session.