Luciano tops CDC, SBMA heads in pay.
So screamed the banner story in our September 3-4 issue.
Move over, Arreza. Step aside, Ricafort.
The highest paid official of a government-owned and –controlled corporation (GOCC) is neither one of those grilled by the Senate, namely Armand Arreza, administrator of the Subic Bay Metropolitan Authority, and Benigno Ricafort, president-CEO of the Clark Development Corp.
The GOCC man to beat is Victor Jose Luciano, president-CEO of the Clark International Airport Corp.
So our story proclaimed, citing Luciano’s monthly pay of P187,750 for the period January-December 2009 vis-à-vis Arreza’s P130,888, and Ricafort’s P173,000.
So wrong were we. No Numero Uno among top-salaried GOCC heads is Luciano, the man setting aright the records at last Monday’s noon prescon at Café Mesa in Clark.
“It’s an official COA (Commission on Audit) list on salaries and allowances received by GOCC officials.” Luciano proffered in a power point presentation of COA documents showing his name on the 90th slot – with salaries and allowances at P3,259,698.94 – in a ranked list of 281 names.
Number One in the list is Arreza with P26.9 million in salary and allowances, followed by Ricafort with P14.5 million. Both claimed earlier that their basic salaries were way below what the COA list showed.
Luciano explained –backed by documents– that the P3.259 million included his net “take home pay of only P1.6 million for the entire 2009.”
Other forms of remuneration in his total, Luciano said, included P438,000 per diems, P79,346 worth of medical benefits, P8,500 in clothing and uniform allowance, P33,000 in cost of living and other allowances, and bonus and incentives worth P387,852.
No travel-happy executive, Luciano insisted, taking pains in explaining that that while CIAC allocated P5 million for foreign travel last year, only P2.8 million was spent. Luciano’s foreign trips cost P728,022 while his EVP-COO Alexander Cauguiran amounted to P673,162, with the rest spent by other CIAC officials, all on official business.
“The travels produced concrete results, such as more flights at the Diosdado Macapagal International Airport and a commitment from Singapore Airlines to establish a second hangar at the airport,” rationalized Luciano.
No, Luciano was not enriched, not even a bit, at CIAC: “When I assumed post as CIAC head in 2002, my statement of assets and liabilities indicated a net worth of P80 million. That has remained more or less the same up to now.”
Luciano was a top executive of Asiana Airlines prior to his coming to Clark, first as executive vice president of the Clark Development Corp. (CDC), before heading CIAC.
So why are all these nasty talks about him?
“Some sectors want to put me in a bad light before the Aquino administration because of reports I would be retained as CIAC head.”
So what are his chances of being retained?
Luciano would rather say he has put his fate entirely in the hands of the President.
Well said. Well taken, Sir.
So screamed the banner story in our September 3-4 issue.
Move over, Arreza. Step aside, Ricafort.
The highest paid official of a government-owned and –controlled corporation (GOCC) is neither one of those grilled by the Senate, namely Armand Arreza, administrator of the Subic Bay Metropolitan Authority, and Benigno Ricafort, president-CEO of the Clark Development Corp.
The GOCC man to beat is Victor Jose Luciano, president-CEO of the Clark International Airport Corp.
So our story proclaimed, citing Luciano’s monthly pay of P187,750 for the period January-December 2009 vis-à-vis Arreza’s P130,888, and Ricafort’s P173,000.
So wrong were we. No Numero Uno among top-salaried GOCC heads is Luciano, the man setting aright the records at last Monday’s noon prescon at Café Mesa in Clark.
“It’s an official COA (Commission on Audit) list on salaries and allowances received by GOCC officials.” Luciano proffered in a power point presentation of COA documents showing his name on the 90th slot – with salaries and allowances at P3,259,698.94 – in a ranked list of 281 names.
Number One in the list is Arreza with P26.9 million in salary and allowances, followed by Ricafort with P14.5 million. Both claimed earlier that their basic salaries were way below what the COA list showed.
Luciano explained –backed by documents– that the P3.259 million included his net “take home pay of only P1.6 million for the entire 2009.”
Other forms of remuneration in his total, Luciano said, included P438,000 per diems, P79,346 worth of medical benefits, P8,500 in clothing and uniform allowance, P33,000 in cost of living and other allowances, and bonus and incentives worth P387,852.
No travel-happy executive, Luciano insisted, taking pains in explaining that that while CIAC allocated P5 million for foreign travel last year, only P2.8 million was spent. Luciano’s foreign trips cost P728,022 while his EVP-COO Alexander Cauguiran amounted to P673,162, with the rest spent by other CIAC officials, all on official business.
“The travels produced concrete results, such as more flights at the Diosdado Macapagal International Airport and a commitment from Singapore Airlines to establish a second hangar at the airport,” rationalized Luciano.
No, Luciano was not enriched, not even a bit, at CIAC: “When I assumed post as CIAC head in 2002, my statement of assets and liabilities indicated a net worth of P80 million. That has remained more or less the same up to now.”
Luciano was a top executive of Asiana Airlines prior to his coming to Clark, first as executive vice president of the Clark Development Corp. (CDC), before heading CIAC.
So why are all these nasty talks about him?
“Some sectors want to put me in a bad light before the Aquino administration because of reports I would be retained as CIAC head.”
So what are his chances of being retained?
Luciano would rather say he has put his fate entirely in the hands of the President.
Well said. Well taken, Sir.
