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The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

FM
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

If you were going by cost of living in Guyana the minimum wage should be equivalent to America.  However, Guyana is not America.  The salary structure should be based on peer group countries...do you disagree with this?

FM
Originally Posted by VVP:
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

If you were going by cost of living in Guyana the minimum wage should be equivalent to America.  However, Guyana is not America.  The salary structure should be based on peer group countries...do you disagree with this?

I agree. I don't like purchasing power parity as economists use, but that's the way to compare. You can pay people many ways and make them happy.

FM
Originally Posted by TK:
Originally Posted by VVP:
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

If you were going by cost of living in Guyana the minimum wage should be equivalent to America.  However, Guyana is not America.  The salary structure should be based on peer group countries...do you disagree with this?

I agree. I don't like purchasing power parity as economists use, but that's the way to compare. You can pay people many ways and make them happy.

Peer group analysis is how it done for regulated utilities in USA.  What do you mean by this: You can pay people many ways and make them happy.

FM
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

Only now you found out OR you were always a SLIMEBALL LIAR?????????????

Nehru
Originally Posted by VVP:

Where can we get the salaries and benefits of the politicians and political appointees?  I don't think that detail is in the budget.

The PNC will again open " Black Ledgers".  They will use the Ministry of the President or whatever shit they call it to ROB the Guyanese People dry.  The way they did with the Ministry of National Development.

 

 

CHANGE:  BACK TO THE 70'S.  GOD HELP ABEE GUYANA!!!  HOUSE SLAVES WITH TITLES ARE THE ONLY ONES HAPPY!!!!!!!!!!!!!

Nehru
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

Sitting on boards is a gateway to lots of loot. It is never altruistic hence the reason only the same few were recycled by the PPP or the fact they had their kith and kin squatting on them. Ramotar sat on Omai board and during his tenure OMAI purchased Demba assets for 5 million. Four years later they resold it to BOSAI for 45. Surely that is not happenstance.

FM
Originally Posted by Stormborn:
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

Sitting on boards is a gateway to lots of loot. It is never altruistic hence the reason only the same few were recycled by the PPP or the fact they had their kith and kin squatting on them. Ramotar sat on Omai board and during his tenure OMAI purchased Demba assets for 5 million. Four years later they resold it to BOSAI for 45. Surely that is not happenstance.

You might be surprised. Look Cheddi placed his driver on the board of a crucial commercial bank. The PPP never placed people based on skills and knowledge of a specific industry. Their job was essentially to carry rumors back to Freedom House. It could be they just could not put a proper valuation on the company. But the PPP was never concerned with public perception.

FM
Last edited by Former Member
Originally Posted by TK:
Originally Posted by Stormborn:
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

Sitting on boards is a gateway to lots of loot. It is never altruistic hence the reason only the same few were recycled by the PPP or the fact they had their kith and kin squatting on them. Ramotar sat on Omai board and during his tenure OMAI purchased Demba assets for 5 million. Four years later they resold it to BOSAI for 45. Surely that is not happenstance.

You might be surprised. Look Cheddi placed his driver on the board of a crucial commercial bank. The PPP never placed people based on skills and knowledge of a specific industry. Their job was essentially to carry rumors back to Freedom House. It could be they just could not put a proper valuation on the company. But the PPP was never concerned with public perception.

That driver was the exception but he still benefitted by the status. Ramotar was on OMAI for the loot.

FM
Last edited by Former Member
Originally Posted by Jay Bharrat:

TK:

 

So it is wrong to have a consumer on the bank board to represent the consumers' point of view?

Basically, it's not wrong. But if you appoint a Freedom House driver to sit on the GNCB Board, you must make sure that he can at least read and understand a balance sheet and income statement. I can tell you with certainty, because I knew that particular driver, that he knew nothing about accounting, let alone banking.

FM
Originally Posted by Gilbakka:
Originally Posted by Jay Bharrat:

TK:

 

So it is wrong to have a consumer on the bank board to represent the consumers' point of view?

Basically, it's not wrong. But if you appoint a Freedom House driver to sit on the GNCB Board, you must make sure that he can at least read and understand a balance sheet and income statement. I can tell you with certainty, because I knew that particular driver, that he knew nothing about accounting, let alone banking.

So he sat there for the sole purpose of being a reporter?...why not a more educated man if the premise is to hold it was his ability to report to the bosses the on going at the bank. I think it accrues to more than that ie into reward for services and as a reward it has to benefit the driver in someway.

FM
Originally Posted by Stormborn:
Originally Posted by Gilbakka:
Originally Posted by Jay Bharrat:

TK:

 

So it is wrong to have a consumer on the bank board to represent the consumers' point of view?

Basically, it's not wrong. But if you appoint a Freedom House driver to sit on the GNCB Board, you must make sure that he can at least read and understand a balance sheet and income statement. I can tell you with certainty, because I knew that particular driver, that he knew nothing about accounting, let alone banking.

So he sat there for the sole purpose of being a reporter?...why not a more educated man if the premise is to hold it was his ability to report to the bosses the on going at the bank. I think it accrues to more than that ie into reward for services and as a reward it has to benefit the driver in someway.

Sadly, he was not the only one. The PPP appointed someone who didn't even complete primary school to sit on the board of the Post Office Corporation.

Cheddi Jagan was fascinated by what Fidel Castro did in 1959. When the victorious Castro entered Havana, he made the Havana Hilton his operations centre temporarily. He renamed the hotel Havana Libre, fired the hotel manager and appointed the bellboy as manager. Jagan kept repeating that story to us for years.

FM
Originally Posted by VVP:
Originally Posted by TK:
Originally Posted by VVP:
Originally Posted by TK:

The super salary propaganda is grossly exaggerated. 700K to 1M each month is no super salary in Guyana at present cost of living which is higher than many parts of Florida. You had just a few people getting US$7 K each month. I know some of the people talking about super salaries count the lil G$15K for being on boards as super salary. They spread the rumor it is US$. Serving on a board in Guyana is just public service, but some of them who post here on GNI just can't wrap their heads around the notion that people can serve for service sake.

If you were going by cost of living in Guyana the minimum wage should be equivalent to America.  However, Guyana is not America.  The salary structure should be based on peer group countries...do you disagree with this?

I agree. I don't like purchasing power parity as economists use, but that's the way to compare. You can pay people many ways and make them happy.

Peer group analysis is how it done for regulated utilities in USA.  What do you mean by this: You can pay people many ways and make them happy.

So TK if your statement above meant that if you give them good salaries they will not be corrupt you know that does not fly in Guyana. 

FM
Originally Posted by VVP:
Originally Posted by Gilbakka:
Originally Posted by Shaitaan:
And yet Cumrag Cheddi was de Greatest, eh Fish?

I never said that, Cumrag.

De man had flaws fo sure, like me and you, perhaps more.

Cheddi was a good honest person with good vision but he was not the best President.  

Who was the best President?

Nehru

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