Hongkong Telecom directors who presided over the abandoned pay cut are among the highest paid executives in Hong Kong.
Legislators and unionists last night urged the board to review their multi-million dollar salaries, bonuses and perks - such as cheap housing loans - as part of the blue-chip company's attempts to cut costs.
Their call came after the South China Morning Post revealed yesterday chief executive Linus Cheung Wing-lam's pay packet was a $14.28 million last year.
The five full-time directors' collective salaries and expenses rose a massive 20 per cent last year to $28.5 million - before bonuses were handed out.
Executives' salaries were said to have been cut by 10 per cent two months ago but unionists dismissed the claim as their expenses, bonuses and other payments would have been unaffected.
A survey of utilities companies' and the MTR's pay packages puts Hongkong Telecom executive directors ahead of the pack, with just five men sharing $33.3 million and three of them receiving between $6.5 million and $7.5 million. That is an average $6.6 million each.
'They have huge packages,' said Frontier legislator Lee Cheuk-yan, who has campaigned to have the staff pay cut reversed.
