Russian PM: Salaries of state companies’ top managers should correlate with efficiency

Russian PM: Salaries of state companies’ top managers should correlate with efficiency
Dmitry Medvedev Photo: Alexander Miridonov / Kommersant

New measures should be taken before February 28.

Prime Minister Dmitry Medvedev instructed the Economy and Labor Ministries to tie up the remuneration of state companies top-managers to the efficiency of these companies till February 28, Kommersant reports. Medvedev announced this decision after the meeting of the commission to monitor the implementation of the United Russia pre-election program.

In 2017, it became known that the Ministry of Economic Development would finalize the concept of a unified order of remuneration for the top management of state-owned companies. One of the amendments is the payment in a few years, and not immediately at the end of the year. At the same time for this period, showings of companies should not decline.

The loudest scandal with the remuneration of the heads of state-owned companies occurred in 2013, when former head of Rostelecom Alexander Provotorov received a golden farewell in the amount of more than 200 million rubles ($3.5m) for his early dismissal. In addition, in 2017, the court arrested more than 100 million rubles in the accounts of Russian Post former head Dmitry Strashnov. According to the investigation, he appropriated this amount illegally.

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