Top managers of state companies can reduce salaries

the Russian Government is discussing the possibility of limiting the salaries of top managers of state companies and state corporations, reported the edition “Kommersant”.

the Proposed limitation of the total annual income of top managers at the level of three times the salaries of the Prime Minister.

a Cash reward of one of the governing officer of the state corporations or state companies shall not exceed 30 million rubles per year. The level of salaries of top managers of state companies are planned to be linked to performance indicators (KPIs). For example, such performance indicators can be an increase in revenue, net profit.

Earlier, Russian President Vladimir Putin expressed his opinion about the size of salaries of top managers. “It’s honestly hurt and jarred, I agree,” he said. But it is necessary to take into account the competitiveness and the international labor market — “the world is not such that the chiefs received less than their subordinates.”

the head of the chamber Alexei Kudrin in June 2019 said it will take control of the evaluation of the effectiveness of top managers of state companies, because not performed the order of the President, pegged the salaries of top managers of state corporations to the key performance indicators.