Up to €450,000 a year for public sector CEOs?

Public enterprise minister Jean-Pascal Labille (pictured) will today submit to a restricted council of ministers proposal to cap the salaries of CEOs of public companies. Like his predecessor Paul Magnette he would like to keep the current annual ceiling at €290,000, but with several several exceptions. These would allow some autonomous public companies to pay their CEOs annual salaries of up to €450,000, L’Echo reports today. These new exemptions should be added to the exceptions put in place by by Paul Magnette for CEOS of listed public companies or those operating in a competitive environment. The proposal also includes a ban on stock options and golden parachutes. Companies affected by the future legislation include railways operator SNCB, the National Lottery and air traffic company Belgocontrol.