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Suspended ARMS chief's financial package amounted to over €65,000
Water Services Corporation CEO Wilfred Borg’s financial package revealed.
22 April 2013, 12:00am
Staff Reporter
Staff Reporter
1 min read
ARMS Ltd CEO Wilfred Borg (left) with former Finance Minister Tonio Fenech (right)
The financial package of ARMS Ltd. CEO Wilfred J. Borg, who had refused to resign when asked by the Energy Minister to do so, amounts to in excess of €65,000.
Wilfred Borg, who was appointed to the post of ARMS Ltd. CEO by former Finance Minister Tonio Fenech, is paid around €65,000 each year for his services as CEO to the Enemalta billing entity.
Alongside his €65,000 per annum wage, which amounts to approximately €5,400 per month, Borg also receives an allowance of €4,500, a bonus of 25% on his salaries, and plenty of perks.
According to Sunday newspaper Illum. these include a mobile phone, a car, and medical care.
Moreover, before leaving his previous post Air Malta, Borg was granted €40,000 and promised €50,000 on the condition he retains his position at ARMS Ltd.
Borg has now been suspended by the newly-appointed ARMS Ltd board and may also face disciplinary measures soon after the board concludes an internal investigation on the operation of ARMS Ltd.
Since its inception, ARMS Ltd acquired a reputation for repeated billing delays, errors, and exceptionally poor customer care services.
However despite Borg's specific appointment to the billing agency to rectify these shortcomings, he was unable to make headway as the agency's problems persisted without any apparent respite for Maltese consumers.
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€ 65000 to this blue eyed boy, € 350,000 to RCC, € 98000 to Alex Tranter (ex MEPA), €500 per week to all Government Ministers, € 500,000 to the British CEO of AirMalta working a 4 day week - all with freebees. These were the hallmarks of the Previous Corrupt GONZIPN Government. Serracin need not fear that the same will happen now. Our present Government is the Government of the People who will soon legislate that all these abuses, corruption and arrogance will be unlawful and illegal. All these abuses must stop NOW.
Emmanuel Mallia •
It is about time that we, citizens, who vote for politicians, know all the the perks enjoyed by MP's and top government officials ! No wonder, they want to make parliament autonomous, so they can fiddle as much as they like behind our backs !
Emmanuel Mallia •
That is shown in public. Is he lifetime exempted from paying water & electricity bills, like most, if not all top Enemalta, & ARMS officials ? Has he a life insurance for himself and all his family ? Are his earnings tax free ? Has he free monthly petrol allowance ?! Has he extra entertainment money for his guests ?! Has he free lifetime Airmalta tickets for personal use ? All these perks are believed to be enjoyed, not only by members of parliament, but also by top government and government run agencies top officials. This is what we vote for !!
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Can someone please enlighten me as to why all these so called CEO'S are paid this kind of salary plus perks when in all honesty they are all and i mean ALL a bunch of incompetent plonkers ... There is not one govt employee who deserves such a wage packet in Malta ...the simple reason ...not one of them delivers ...65000 euros for a loser who refuses to resign !!!! As if ARMS ever delivered ?????? this guy should be taken to court ..end of story
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We the people were being robbed blind on a daily basis, curse all those who sucked the countries blood without any remorse and may they rot in hell.
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We the people were being robbed blind on a daily basis, curse all those who sucked the countries blood without any remorse and may they rot in hell.
Priscilla Darmenia •
€65,000! No wonder he wants to hang on to the post as long as possible.
