Senate expects to uncover more SSS execs’ fat pays
By Angie Rosales 08/26/2010 The Senate expects to unearth more excessive bonuses and perks of top executives from Social Security System (SSS) on top of the reported P127 million in windfall they received from that sales of stocks in a mining corporation, as the Senate finance committee digs deeper into its ongoing probe on at least nine other private corporations where SSS officials sat as board members. Finance committee chairman Sen. Franklin Drilon yesterday sought the submission of documents and information on the other seats being held by SSS officials in time for today’s resumption of the inquiry into the alleged excessive and unwarranted salaries, allowances and other emoluments of some officials in government-owned and controlled corporations (GOCCs). In a letter to the executives of these firms where the SSS has some investments, Drilon hopes to get the names of all commissioners or the representatives of the state fund in some companies it has investments in for the past three years, including committees, if any. The senator likewise asked for a list of all benefits they received during the period including the amount of salaries, allowances, dividends and profit-sharing. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100826hed4.html |
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