Finally, on September 8, P-Noy put a temporary halt to what have been the simplest form of social injustice and typical display of the absence of integrity on the part of GOCC and GFI officials who have, for many years, enriched themselves with fat bonuses and excessive perks. Millions of government funds are spent each year to pay these shameless conscienseless officials whose primary qualification to get the job is to be an ally of the President – the appointing authority. Of course at the expense of the Filipino people, who else? While an ordinary government employee, who goes to work 8 hours a day, 5 days a week, gets an average pay of say PHP 150,000 per year, these officials, who only attend board meetings twice a month, get as much as PHP 6 million a year. Isn’t it shameful? This is on top of having to belong to a country where 4 million Filipinos barely eat 3 times a day and 3,000 others go out of the country everyday due to poverty.
All in all, more than a hundred GOCC’s were found to be enjoying these fat bonuses including 14 losing government corporations. All it takes, is a board resolution granting themselves such bonuses and whola! It’s in the pocket. Worse, in the case of SSS, their own board members are sent to represent SSS to other boards where SSS have an investment like the Union Bank, in no time, they found themselves swimming in cash from the perks and other hefty compensations including profit sharing and other benefits.
No matter how these officials try to justify these pays using different excuses and alibis, no amount of explanation will elucidate the act. It is clearly a manifestation of abuse of power, selfishness and corrupt practice. This should be prohibited and if possible brought to court to make these officials answerable for their deeds.
This just got to stop, the Filipino people can no longer stand to tolerate such abuses, not now, not later, not ever again. Despite, the president’s shortcomings on the recent hostage crisis, which I truly believe to have affected our trust ratings on him, including mine, Im still glad we have one Noynoy Aquino, leading us and doing this. I still trust he will continue to do what is right and what is just for every Filipino.
The suspension until December 31, 2010, per Executive Order #7, of the granting of allowances, bonuses, incentives, and other perks to members of the board of directors/trustees of GOCCs and GFIs, except for reasonable per diems, pending the issuance of new policies and guidelines on the compensation of these board members is a good start. Their benefits need to be regulated accordingly. While it is true that they protect billions worth of assets of these GOCC’s, the many millions they ask these corporations to pay them is quite too much, exorbitant and way overboard. And eventually resulted into a selfish act of corruption in its own way- mindless of the general welfare. A lot of sweeping needs to be done. Before these parasites take over our coffers.