The President's salary
we get to know, only through the newspapers because of judicial proceedings,
the amount of the salary of the President, which is charged to the members of
the Consorzio Costa Smeralda. We have been asking for years that the Consortium
clarify the accounts submitted annually in the official budget to the General
Assembly, requesting details of expenses and salaries of managers, but always
have been refused.
bailiff last week seized the salary of Renzo Persico at the officies of
Consorzio Costa Smeralda "(they say about 20,000 Euro per month),"
having never paid a debt to the Giardini Tes of Cagliari of € 498,000,
according to the Unione Sarda newspaper of May 20 .
consortium fees are ever more burdensome and consequently the percentage of
dissatisfied members who refuse to pay as a protest, has increased dramatically
under the management of Tom Barrack’s Colony Capital and has risen from 5.8%
in 2003 to 25.8% in 2010.
Consortium members insist on knowing all the details of the costs charged to
them, including the compensation of all officers and directors and their
benefits as well as of outside consultants. They demand transparency, of which
they are fully entitled.