Nothing wrong with golden parachutes for European Commissioners?

I would like to react on what Kevin said in his ‘European guidelines to end golden parachutes’ blog.

These ‘European guidelines’ to end golden parachutes that Kevin talked about, are very hypocrite. On the one hand, the European commission wants to implement restrictions on the remuneration of CEO’s. On the other hand, they don’t want to implement restrictions on their own ‘golden parachutes’.

European commissioners continue to receive a salary for 3 years… after they have left the European commission. Most of these European commissioners earn between €19.900 and €24.422 a month. After leaving the commission, each of them earns 40 to 65% of this wage…each year, 3 years long.

One of the reasons (according to the commission) is that this ‘golden parachute system’ has to ensure ‘the independence of commissioners’. Rather odd, especially because the EU would like to limit managers’ golden parachutes and force companies to take drastic measurements when the business runs into serious problems…

Nicolas Pollet

http://www.elsevier.nl/web/10228991/Nieuws/Europese-Unie/Brussel-Niets-mis-met-opstappremie-eurocommissaris.htm