Executive pay leaks stir outrage in Iran
- Leaks of executive compensation at state-owned firms led to controversy when local media revealed some business leaders were receiving dozens of times the amount of pay the average Iranian household received.
- Iranian law dictates that the top government salary should not exceed seven times the amount of the lowest paid, but bonuses and additional incentives have at times been used to skirt that requirement.
- Four public bank chiefs have been fired in the wake of the revelations as Iranians continue to wait for the economic benefits of the lifting of international sanctions in 2015.
“Executive pay stirs outrage, becomes political issue in Iran” (Reuters)
“Iran sacks bank chiefs amid uproar over high salaries” (BBC)
“Four Iranian Bank Chiefs Fired Over Salaries Scandal” (Radio Free Europe/Radio Liberty)