PNG business leader dumped over extravagant wage

11:10 am on 4 October 2017

The head of the organisation which oversees Papua New Guinea's state owned enterprises has been sacked for drawing up a US$1.25 million package for himself.

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Photo: 123RF

Thomas Abe had drawn up and signed his own contract to head Kumul Consolidated Holdings, with a base salary of $US845,000, and a number of other conditions.

These included six weeks of annual leave, one business class return trip to Brisbane a year for him and his spouse, a monthly allowance for his rent, and that the company paid his children's school fees.

On top of this, the organisation paid for a domestic servant for Mr Abe, a telephone allowance, an $US8,000 entertainment allowance and his membership for a number of exclusive Port Moresby clubs.

The Post Courier reported that Mr Abe was sacked from Kumul, formerly known as the Public Business Corporation, in mid-September.

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