P83 million not bad for a retired AFP general
If, as Sen. Franklin Drilon says, outgoing Social Security System (SSS) Chairman Thelmo Cunanan had earned a whopping P83 million over three years while sitting on the board of directors of a big mining company merely as the representative of the pension fund, why hasn’t he been censured and ordered to return the money, if not appropriately charged? Speaking during a public hearing the other day of the Senate committee on finance and government corporations that is currently looking into the obscene salaries being availed of by fat cats of various government owned or controlled corporations (GOCCs), Senator Drilon explained to reporters that the underlying concept here is that the low-key Cunanan, a retired Army general who nearly lost his life in the late 1980s during a firefight with NPA guerillas in Cagayan, isn’t entitled to the huge remuneration as he is in the board of the blue-chip firm Philex Mining Corp. merely in behalf of the SSS which has a huge exposure therein and not due to his own merit as, let’s say, an investor who had purchased enough company stocks to command a seat in said board..... MORE Source: The Daily Tribune URL: http://www.tribuneonline.org/commentary/20100826com4.htm |
|
0 comments
Post a Comment