'Fat cats' at THSRC willing to work for free
June 25, 2010, 11:18 am TWN
TAIPEI, Taiwan -- Two independent directors of Taiwan High Speed Rail Corp. (THSRC) who have been called “government fat cats” said yesterday that they would not only be willing to work for half their salaries, but would do their jobs for free.
Liu Wei chi and Chen Shih-chi, two of three independent directors at the corporation, have been criticized by local media for earning pay from more than one public agency at the same time.
Liu told the Central News Agency that he would not mind working as an unpaid volunteer at THSRC, let alone receiving half the normal salary.
Chen also said he is willing to work with THSRC as a volunteer, but added that he is resentful of being called a “fat cat.”
“'Fat cat' is a humiliation to a board director who has work experience and expertise,” Chen said.
THSRC recently followed regulations put forth by the Ministry of Finance that capped the monthly salaries for vice presidents, board directors and independent directors after Premier Wu Den-yih instructed several government agencies to solve the “fat cat” problem. The corporation's new salaries for independent directors will be half of what they are currently earning.