Restrictions on CEO's wages in state-owned enterprise likely to be lifted

According to the law, the CEO's can earn no more than six time the average salary, i.e. around zł.13,000 a month, which has led to the widescale fleeing of managers to private enterprises. The law was passed in 2000 in response to managers of loss-making public companies drawing huge salaries. Now most politicians want to allow higher salaries, but tie them to companies' financial results. However, there are also those MPs who have a different view. "In a country with 20% unemployment, there will be no problem finding managers who will work well for six average salaries," said Andrzej Aumiller from the Labor Union (UP). "My colleagues in private companies earn twice, or three times as much even though their companies are much smaller. If it were not for our scheduled privatization and employee share options, I would have left a long time ago," an anonymous manager from a state-owned energy company told Gazeta Wyborcza. (Gazeta Wyborcza, p. 27) T.J.