Canal Administrator makes $26,666 a Month

This post was originally published on this site

Panama Canal administrator Ricaurte Catin Vásquez earns $26,666 a month.

According to the Panama Canal Authority (ACP) payroll report, published on the Ombudsman’s Office website, that breaks down to $14,666.67 in salary and $12,000 in representation expenses, or just under $320,000 a year.

Minister for Canal Affairs and Chairman of the Board of Directors of the ACP, Aristides Royo, said that the board of directors determined the salaries of top ranking canal employees with the help of two reputed advisory companies, which actually recommended almost double the amount for the administrator.

The need for clarification arose after deputy Luis Ernesto Carles, questioned why Vasquez’s salary was almost double that of former administrator Jorge Luis Quijano.