AP
Thursday 5th November, 2009 Posted: 15:33 CIT (20:33 GMT) > Comment on this story
KINGSTON, Jamaica (AP) — Jamaican Prime Minister Bruce Golding says the president of the island’s central bank was fired over what the government leader calls extravagant salary demands.
Derick Latibeaudiere announced his resignation last week after 13 years as head of the Bank of Jamaica, but gave no details on his departure.
Golding said that Latibeaudiere had an annual salary package of nearly $430,000, of which more than half went to housing. He said the government could not meet Latibeaudiere’s demand for an increase given the stagnant economy.
Calls to Latibeaudiere’s cell phone went unanswered.
Former deputy bank director Brian Wynter has been named to replace Latibeaudiere.
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