Government committee hearing into financial scandal at state owned company:
Posted by
Loyola
Jul 2 '23, 02:16
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Committe member: For the record, how much are you paid as CFO?
CFO: *pause*…I think that’s a private matter, I didn’t think we’d have to disclose our earnings
Committee chair: sorry, I want to say something here; the chair of your board has said all of those figures are going to be published. I would expect to hear that answer here today. The committee member has asked you, how much is your salary? I would expect you to answer that question.
CFO: *longer pause*… I don’t know what my exact salary is off the top of my head, I can give you a…
Committee member 2: This is absolutely outrageous. The CFO can’t tell us what he’s paid?! Who’s to buy that?!
Committee chair: CFO just…what’s your salary?
Committee member 3: This is extraordinary. Over a minute now to get a very basic answer I would have imagined.
Committee chair: Your board has said they’re going to act with true transparency. It’s a very basic question and I expect the answer to it.
CFO: Yeah yeah, ok, I believe my salary is around 200k base salary plus car allowance of 25k. It’s in and around that sort of figure
*crickets*
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