You don't have to be a journalist, just write what you have to say from the heart. All we ask is that you keep it clean. To post your thoughts or pictures, just fill out our simple registration form. Best of all it's FREE!
Let us hear from you...
« Transparency in governmentJamaica’s National Dish - Ackee and Saltfish »

Bank of Jamaica Governor Derick Latibeaudiere Over Paid

11/04/09

Permalink 11:43:26 pm, by Melba
Categories: Business, Commentary

Bank of Jamaica Governor Derick Latibeaudiere Over Paid

The Prime Minister Bruce Golding yesterday announced in Parilament that the Bank of Jamaica Governor, Derick Latibeaudiere had to go as he was being paid too much money. Now when I think that I’m helping to pay his salary it doesn’t seem fair to me however if I were getting that kind of money I would take it too. But that’s not my ‘beef’ with this whole issue. I just can’t believe that this is the same government who only recently sought to defend paying one man, Aubyn Hill who is on contract with the government, $1.883 million per month, or close to $2 million, when expenses are taken into account, approximately $24 million a year.

According to the government then, they were comfortable with paying Mr. Hill that exorbitant amount as they saw it as value for money. Based on the prime ministers speech in parliament yesterday the decision to remove the governor had nothing to do with policy issues or his ability. That tells me that he believes there is some value to Mr. Latibeaudiere contribution. However in the Prime Minister’s own words he found the interpretation and application of certain provisions of the governor's contract of employment ‘unacceptable, embarrassing and repugnant’.

Mr. Latibeaudiere's basic salary started in 2007 at $11.2 millions. At October 30, 2009, it stood at $14.5 million. Rent and maintenance paid in 2008, was $2.5 million for rent and $5.9 million for maintenance, a total of $22.9 million in 2008. In addition, he had a fully maintained car, entertainment expenses and medical and life insurance coverage.
The part that I do not understand is how the prime minister said that Mr. Latibeaudiere's compensation would have amounted to $38.3 million this year had Government granted him increases in housing allowance which he claims.

Them sey ‘Puss an dawg no hav di same luck’. Not sure what school Mr. Latibeaudiere went to but clearly it couldn’t have been Harvard University like some people. Maybe then he would be worth his salary. Not that I think either men is worth that kind of my money, not in a poor country with an ailing economy like ours. The point is the hypocrisy displayed by the government is mind boggling and disheartening.

Nuff love

Our Friends

Jamaica Obituaries
Jamaica Obituaries
Create a lasting celebration of your loved ones with a personalized Obituary Web Site on JamaicanObituaries.com

Search


The Small Sandal Shop

A married couple was on holiday in Jamaica. They were touring around the marketplace looking at the goods when they passed this small sandal shop.

From inside they heard the shopkeeper with a Jamaican accent say, "You!

Foreigners! Come in, come into my humble shop."

So the married couple walked in.

The Jamaican said to them, "I have some special sandals I think you would be interested in. They make you wild at sex."

Well, the wife was really interested in buying the sandals after what the man claimed, but her husband felt he really didn't need them, being the sex god he was.

The husband asked the man, "How could sandals make you into a sex freak?"

The Jamaican replied, "Just try them on."

Well, the husband, after some badgering from his wife, finally gave in, and tried them on. As soon as he slipped them onto his feet, he got this wild look in his eyes, something his wife hadn't seen in many years!

In the blink of an eye, the husband grabbed the Jamaican, bent him

violently over a table, yanked down his pants, ripped down his own pants,and grabbed a firm hold of the Jamaican's hips.

The Jamaican then began screaming; "YOU GOT THEM ON THE WRONG FEET!!!"

Contents

Photo Highlights

Noddy Virtue
from Photo Album


blog software