From best paid CEO to ‘squatter’ at PSMAS house

via From best paid CEO to ‘squatter’ at PSMAS house | SW Radio Africa  by Tichaona Sibanda on Monday, February 3, 2014 

Cuthbert Dube, the retired Premier Service Medical Aid Society (PSMAS) chief executive officer, has effectively been a ‘squatter’ at the six storey PSMAS building in central Harare since he was dismissed from his highly paid job last week.

Dube got the sack when it was discovered that he earned half a million dollars every month, almost twice the $230,000 initially reported, when his generous allowances were factored in.

The veteran administrator received allowances equivalent to his monthly basic salary of $230,000 plus a bonus of over $1 million. This brought his annual earnings in 2013 to $6.4 million. But the mega rich former boss has been refusing to vacate his position.

Despite being shown the exit door, Dube has defiantly remained at his post, with the Daily News reporting that the PSMAS board last week Thursday convened a special meeting to try and come up with ways to have the former CEO vacate his office.

The paper said when they visited the PSMAS headquarters Dube, now dubbed ‘Cashbert’, was still in his office.

Political analyst Mutsa Murenje told SW Radio Africa on Monday that Dube had built an aura of invincibility around him and his allies and that his dominance means people will struggle to challenge his powers.

The Herald reported on Monday that Dube could also own as much as 20 percent of a key subsidiary of the enterprise, an official close to the firm has revealed. The paper said a new board is investigating how Dube allegedly came to own 20 percent of PSMI, which is the PSMAS investment arm.

‘The board would like to know how such a huge stake fell into the hands of one employee and whether the equity was paid for or was part of his incentives package,’ the paper added.

‘This is a man who has been fired and continues to report for work as if nothing has happened,’ said Murenje, amid reports even board members and cabinet ministers were not comfortable dealing with his case as they reportedly benefitted from his benevolence.

Murenje said government must keep a tight lid on state run institutions if they wanted to restore some sanity into the parastatals, whose CEO’s are receiving astronomical perks and bloated salaries.

Dube is also the chairman of the Zimbabwe Football Association, ZIFA, and as chair of the ZBC is known to have facilitated the Zimbabwe Broadcasting Corporation CEO Happison Muchechetere’s hefty package, amounting to over $40,000 a month as workers wallowed in poverty.

But Information Minister Jonathan Moyo has moved in to shield Dube from the ZBC scandal, saying he has been punished enough. Moyo said Dube had done nothing illegal and that ‘making a wrong decision or taking a wrong decision is not illegal – it gets you fired.’

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12 comments on “From best paid CEO to ‘squatter’ at PSMAS house
  1. wako says:

    arrest him before he continues looting

  2. mujibha says:

    Who is going yo arrest him, yet they r all corrupt including mugabe, who is going behind my mujuru’s back and secretly apoint munangwa as the next president, because munangagwa knowd more abt mujuru’s death. Now mugabe, is worried if does’nt give the presidence him, he will spill the beans.

  3. mujibha says:

    I think mai u also know more abt zanu pf and mugabe, spill the bins pls. Ndonguvayacho iyoyi.

  4. Nyoni says:

    GET RID OF YOUR ENEMIES AND PLUNDER . Our Bob and his cronies learnt well from Hagar the Horrible.

  5. Saddened says:

    Who are the bank signatories now? This needs to be changed otherwise this thief will continue to pay himself. Come on you civil servants get organised and boot this person out of office. If you don’t I doubt anyone else will. Only someone who has backing from those on high can behave in such an arrogant fashion.

  6. chororo says:

    If I were a civil servant I would have already ceased my medical deduction. And if every civil servant were to o that as a ‘show cause’ in the next two months at most PSMAS ‘will go burst’.

    Only that will teach the leaders, whoever they are, that the people’s power is superior than that of leaders (political or institutional – like cut-purse dube).

  7. moyokumusha says:

    who will fire him if he is sekura, mkwasha or cousin or they work for him so will not do the same. His Zanupf card got him the job after all.

  8. The fact that this story came out at all means there are other forces in play. I tend to beleive Hutu when he says Zanu has been infiltrated. These kind of things also start to happen when the cake is shrinking.We are likely to hear some more revelations as people start trying to inform on each other. For Moyo to say he has been punnished enough, my word does he know what punishment is? If this is punishment I wonder what reward wuold be like ….

  9. munzwa says:

    OMG why do we continue to pay our taxes?? This man cashbert should be in jail…

  10. Chitova weGona says:

    Where are the riot police? They are good at suppressing those with genuine concerns leaving one greedy lunatic hold PSMAS at ransom. The workers and all subscribers must besiege that building and throw him out as soon as yesterday!

  11. Chitova weGona my friend who will pull police away from their road blocks. THAT’S WHERE THEY EARN THEIR MONEY.

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