Rosneft gives $63m-bonus to board members in 2016
Meanwhile, the wages of the state-owned company’s top managers have been reduced by 16%.
The state oil company reported the 2016 income of its board members. It shows a 16%-lower salary of the management compared to the previous year, yet a 40% higher remuneration for attendance at board meetings.
The company's board is composed of 10 persons: Rosneft CEO Igor Sechin, the first vice-president, the vice-president and the chief financial officer. At the end of 2016, they received a total remuneration of 3.697 billion rubles (about $63m). Meanwhile, the remuneration has increased by 38.9% and reached 113.226 million rubles, and the wages decreased by 16.1% and amounted to 572.275 million rubles. The top managers got the same bonuses that they did in 2015, 2.006 billion rubles. In addition, Rosneft reported travel expenses of Board members that reached 1.005 billion rubles.
You may remember that the Forbes named Igor Sechin Russia’s second most expensive top-manager in 2015: his income was estimated to be $13 million, which was $4.5 million less than a year before that. Gazprom’s Chairman of the Board Alexey Miller got to the top of the ranking with $17.7 million he made in 2015.
Nonexistent road. Driveway to school belonging to Sberbank CEO’s wife concealed from Moscow residents
A driveway to a private school has been laid through the yards of Wellton Park residential complex despite protests of its residents. However, officials in the Construction Department somehow believe that there is no road there yet. They claim that the ‘future’ road would provide access to the new perinatal center, school, and homes – while at this point, a contractor has been just selected and permission documentation is in preparation. The CrimeRussia was figuring out where does the ‘nonexistent’ road go.
The presidential election scheduled for March 18 should be held as a holiday - the Kremlin gave such order to the regions. The Presidential Administration expects that the festive atmosphere at polling stations will increase the turnout, sources told RBC.