Executive Chairman Fred Gottlieb said the Bahamas Electricity Corporation needed to be less "top-heavy as far as executives are concerned".
Gottlieb said this was something that could continue on lower levels within the company as BEC aims to be more efficient.
Minister of State for Public Utilities Phenton Neymour said the decision was made after recommendations from an independent auditor.
Former Minister of Works Bradley Roberts said the removal of the executives was a haphazard approach to BEC's financial problems.
Roberts said the corporation was in a poor financial state because it did not pass the cost of higher duty prices on oil to its customers.
The Nassau Guardian
The Tribune
2 comments:
Oh? BEC opting to be more "efficient"? Who'd have thought.. and why do these blue suited, Kia-with-the-wood-grain driving wankers always try to contradict genuine effort? Just because your golf buddy lost his job and the drink tab is on you doesnt give you an excuse to whine, Bradley!
I like your perspective ampy.
As I recall... BEC just added a surcharge. This leads me to believe that I'm taking on at least some of the associated costs.
If BEC thinks that they can let go at least 4 executives and still function, then I think it's safe to say that they were indeed top-heavy.