Privatizing Bureaucrats.Who better to hire as head strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns than the man who made that the rules? That was Telefonica del Peru's though when the country's major telecom concern lured away Jorge Melo, the former general manager of Osipte, the government agency that regulates the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. sector. Melo was just the latest bureaucrat to jump to the private sector in a string of defections that has Peruvian officials considering laws to stem the flow. The privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of talent is most pronounced in telecommunications, where more than 40 companies have filed to enter the recently opened market, with the majority lining up to compete against Telefonica del Peru for a share of the lucrative long-distance market. Former Cabinet Chief Dante Cordova Cordova, Spain: see Córdoba. accepted a job president of phone company Firstcom Peru last year, for example, and earlier this year Cayetana Aljoubin, an ex-Finance Ministry official, accepted the director of regulations post with Tele2000, a subsidiary of BellSouth. "As the rules surrounding these sectors become more complicated, the value of state officials who developed them will rise," says Juan Carlos Juan Car·los Born 1938. King of Spain (since 1975) who acceded to the throne on the death of Francisco Franco and helped restore parliamentary democracy. Noun 1. Tafur, the economic-page editor for the Lima-based daily newspaper Expreso, which ran an article detailing at least three dozen key public-sector defections since 1997. Melo was more succinct suc·cinct adj. suc·cinct·er, suc·cinct·est 1. Characterized by clear, precise expression in few words; concise and terse: a succinct reply; a succinct style. 2. in outlining his motivations: "This is a natural progression," he says. "Only the most mediocre me·di·o·cre adj. Moderate to inferior in quality; ordinary. See Synonyms at average. [French médiocre, from Latin mediocris : medius, middle; see medhyo- workers fail to see the public sector as anything but a stepping stone to get some valuable experience and move to the private sector." To decrease the defections, the government is reportedly considering measures, such as waiting periods and long-term contracts, to make leaping to the private sector more difficult for public officials. Even a book full of regulations, though, won't do much to stem tide until the pay scales become more equitable.
WAGE GAP
Estimated US$ annualsalaries in Peru
Low-level public official $9,600
Government agency general manager $30,000
Executive reporting directly to CEO $160,000-180,000 base, plus
25%-30% performance bonus
CEO Telefornica del Peru $500,000+houseing, other perks
SOURCES: Hedrick & Struggies, LATIN TRADE
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion