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Railway executive leaves with large bonus payment

The former head of the state-run passenger railway company known as Slovakrail (ZSSK), Pavol Kravec, will receive a bonus of €170,000 and is now the second highly-positioned manager appointed by the previous government who will receive what critics call golden parachutes even though the past cabinet of Iveta Radičová had promised to stop such practices, the Sme daily reported on June 11.

The former head of the state-run passenger railway company known as Slovakrail (ZSSK), Pavol Kravec, will receive a bonus of €170,000 and is now the second highly-positioned manager appointed by the previous government who will receive what critics call golden parachutes even though the past cabinet of Iveta Radičová had promised to stop such practices, the Sme daily reported on June 11.

In addition to Kravec other members of the company’s management, as well as managers of the state-run freight carrier Cargo, were to receive bonuses worth tens of thousands of euros, Sme wrote.

Former transport minister Ján Figeľ, the chair of the Christian Democratic Movement (KDH) considers it unacceptable and said that after he found out about it his trust into Kravec weakened. Kravec reportedly belongs among people close to Figeľ and in the last parliamentary elections was on the KDH slate.

Though the previous government passed measures aimed at stopping golden parachutes in state-run companies, the changes affected only members of boards of directors and boards of trustees.

“I consider it [the fact that managers will receive high bonuses] a failure of the companies as they have not followed the [instructions of the] government and kept measures from the times of the first Robert Fico government,” said Figeľ, as quoted by Sme.

Kravec has not responded to the reports, Sme wrote.

The first manager with a so-called golden parachute, who was dismissed after the change of the government, was former head of Slovenská Pošta Marcela Hrdá who received severance of €178,000.

Source: Sme

For more information about this story please see: Controversy over former Slovak Post’s director’s ‘golden parachute’

Compiled by Radka Minarechová from press reports
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