Can Private Managers Turn State-Owned Companies Around?

08.04.2011 By Adelina Mihai

There are private-sector managers that would be willing to start even tomorrow as chief executives of large state-controlled companies, if they were paid the same salary as in a multinational and employees were competent. But will a private-sector executive with a good reputation who earns EUR10,000-EUR20,000 per month be able to make employees earning a maximum of EUR500-EUR700 per month work more and better, in order to improve the company’s performance?

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Keywords:
STATE
, COMPANIES
, MANAGEMENT
, PRIVATE