MALTA: 2015 PUBLIC SECTOR SALARIES…il concetto di public servant NON applicato all’Italia

MALTA: 2015 PUBLIC SECTOR SALARIES…il concetto di public servant NON applicato all’Italia

…a ognuno le sue spine !!!

Guardate con attenzione questi dati…. e pensate ai salari degli incarichi pubblici dal vostro comune in sù e vergognatevi di accettare questo stato di cose… siete solo complici

Per il resto vi aspetto a Malta per vivere, investire, lavorare e essere compliant con MALTAway

Usually, the data is only released by ministers who are open to putting these tax-funded salaries in the public domain; or upon request of MPs in the House of Representatives.

Sometimes, certain ministers adamantly refuse to issue public appointment salaries. Because of the lack of transparency, it is impossible to quantify like-with-like salaries. For example, some appointees’ salaries do not include their annual performance bonuses, which could be up to 15% of their annual salary, and other duty allowances.

Others have had their full remuneration and benefits published in PQs. For some other appointments, government ministries furnished us with the data.


Name Entity Salary Role
Philip Micallef Air Malta €125,000 CEO
Vincent Mifsud MIMCOL/MGI €119,599 Exec. Chairman
Joseph Cuschieri Malta Gaming Authority €114,000 Exec. Chairman
Frederick Azzopardi Enemalta €95,000 Exec. Chairman
Josef Bonnici Central Bank Malta €85,000 Governor
Mario Vella Malta Enterprise €85,000 Exec. Chairman
Marianne Scicluna Malta Financial Services Authority €85,000 Director General
James Piscopo Transport Malta €85,000 Exec. Chairman
Ivan Falzon Mater Dei Hospital €84,000 CEO
Joseph V. Bannister Malta Financial Services Authority €82,105 Chairman
Peter Grech Attorney General €78,955 Attorney General
Paul Bugeja Malta Tourism Authority €76,400 CEO
Jonathan Cardona Identity Malta €75,000 CEO
Anton Attard Public Broadcasting Services €74,466 CEO
Marie Louise Coleiro Preca President of the Republic €71,000 Head of State
Tony Sultana MITA €70,212 Chairman
Joseph Muscat Prime Minister €68,000 Prime Minister
Johann Buttigieg MEPA €66,193 CEO
Carmen Camilleri Ciantar ARMS €65,919 General Manager
Alfred Grixti Foundation for Social Welfare Services €62,700 CEO
Clifton Grima Mount Carmel €60,000 CEO
Kenneth Gambin Heritage Malta €59,579 CEO
Marcel Pizzuto MCCAA €57,011 Exec. Chairman
James Camenzuli Foundation for Medical Services €57,000 CEO
Stephen Cachia Malta College of Arts, Science and Technology €57,000 CEO
James Camenzuli Foundation for Medical Services €57,000 CEO
Tonio Montebello WasteServ €56,452 CEO
Lou Bondì National Committee for Festivities €54,000 Consultant
Phyllis Muscat CHOGM task force €52,724 Head
Jeffrey Pullicino Orlando Malta Council for Science and Technology €51,789 Exec. Chairman
Aaron Farrugia Malta Freeport Corporation €50,723 CEO
Philip Rizzo ETC €50,440 CEO
Pierre Fenech Mediterranean Conference Centre €48,180 CEO
Adrian Said Projects Malta €43,000 Exec. Chairman
Emanuel Camilleri Privatisation Unit €42,500 Chairman
Lawrence Mizzi IPSL €42,105 CEO
Stephen McCarthy Housing Authority €42,012 CEO
Silvio Schembri Responsible Gaming Fondation €39,000 Chairman
Peter Paul Zammit Chief security national events €38,937 CEO
Michael Cassar Commissioner of Police €38,937 Commissioner
Albert Marshall Malta Council for Culture and the Arts €38,494 CEO
Engelbert Grech Malta Film Commission €38,000 Commissioner
Mark Camilleri National Book Council €37,713 Exec. Chairman
Anthony Agius Decelis Commissioner Against Bureacracy €37,000 Commissioner
Miriam Theuma Agenzija Zghazagh €33,869 CEO
Emanuel Buhagiar Commission for Animal Welfare €32,239 Commissioner
Helen d’Amato Commmission for Children €30,700 Commissioner
Joe Cordina Gozo Channel €30,000 Exec. Chairman
Charles Buhagiar BICC €29,101 Chairman
Mario Friggieri Refugee Commission €27,764 Commissioner
Luciano Busuttil Kunsill Malta ghall-Isport €24,800 Chairman
Edward Woods Malta Communications Authority €22,800 Chairman
Silvio Parnis Consultative Council for South €22,000 Chairman
Antoinette Vassallo Housing Authority €20,100 Chairman
Anthony J. Tabone Broadcasting Corporation €19,709 Chairman
Stefan Zrinzo Azzopardi Grand Harbour Regeneration Corporation €18,816 Chairman
Vince Cassar MEPA €18,724 Chairman
Franco Debono Commissioner of Laws €18,401 Commissioner
Maria Muscat Air Malta €18,000 Chairman
Robert Sarsero Malta Freeport Corporation €18,000 Chairman
Gavin Gulia Malta Tourism Authority €18,000 Chairman
Prof. Albert Leone Ganado Malta Statistics Authority €16,975 Chairman
Joseph Cuschieri Malta Gaming Authority €16,793 Chairman
Deo Debattista OHSA €14,000 Chairman
Joseph Portelli Malta Stock Exchange €13,976 Chairman
Charles Mizzi Kordin Grain Terminal €13,976 Chairman
Philip Sciberras Embryo Protection Authority €13,954 Chairman
Tony Zahra Malta Industrial Parks €13,000 Chairman
David Borg WasteServ €13,000 Chairman
Jason Micallef Valletta2018 €13,000 Chairman
Martin Scicluna National Commission for Higher Education €12,460 Chairman
Carmen Fearne Children & Young Persons Advisory Board €10,000 Chairman
Oliver Scicluna National Commission Person with a Disability €6,988 Chairman
Peter Grech Financial Intelligence Analysis Unit €4,660 Chairman
Yana Micallef Stafrace Commission for Domestic Violence €2,329 Chairman
Philip Sciberras Management Committee St Vincent de Paule €2,329 Chairman

Questa ITALIA è definitivamente evaporata…amen

Questa ITALIA è definitivamente evaporata…amen

“La corruzione è nemica della Repubblica. E i corrotti devono essere colpiti senza alcuna attenuante, senza nessuna pietà. E dare la solidarietà, per ragioni di amicizia o di partito, significa diventare complici di questi corrotti.“

Sandro Pertini

… e se tolleri o sei indifferente sei ugalmente complice….questa complicità della maggioranza italica è guidata dalla stupidità o dalla convenienza… ma il risultato non cambia

foto di Tiscali.

10 Lessons Learned from 10 Years of Investing

10 Lessons Learned from 10 Years of Investing

Venture capitalists are constantly telling the entrepreneurs they invest in to make data-driven decisions. But as an industry, we haven’t been very good at doing it ourselves. Now that we have the analytics and numbers to take a closer look at ourselves and our business, we decided to give it a try. We were able to sit down with 10 years worth of our proprietary investing data in front of us — since we’ve been capturing data about founding teams in our community since we made our very first investment in January 2005

It’s amazing what a decade’s worth of data can show. While these findings won’t dictate how we choose to invest from now on, we’re intrigued by what they say about the shifting direction of our industry. In far fewer than 10 years, venture capital and tech will probably look entirely different than they do today. That’s why we wanted to share — to provide a glimpse into the future — and how we all might play a role in creating an ecosystem that is increasingly vibrant, inclusive, and equal opportunity.

What does data-driven action mean to us? It means innovating and experimenting as fast as a startup to constantly provide a higher caliber of service. It means bringing diverse, remarkable people into the First Round community. And, as leaders in seed stage investing, it means acting on the proof that amazing ideas can come from anywhere by giving all entrepreneurs new ways to be heard. We’ll let you know how it goes.

– One –


Female Founders Outperform Their Male Peers


We’ve been fortunate to back many companies with female founders (and women-founded companies represent a greater percentage of our investments than the national VC average). That’s why were so excited to learn that our investments in companies with at least one female founder were meaningfully outperforming our investments in all-male teams. Indeed, companies with a female founder performed 63% better than our investments with all-male founding teams. And, if you look at First Round’s top 10 investments of all time based on value created for investors, three of those teams have at least one female founder — far outpacing the percentage of female tech founders in general.



– Two –


Startup Fortune Favors the Young


Founding teams with an average age under 25 (when we invested) perform nearly 30% above average. And while the average age of all our founders is 34.5, for our top 10 investments the average age was 31.9.



– Three –


Where You Went to School Matters


We also looked at whether the college a founder attended might impact company performance. Unsurprisingly, teams with at least one founder who went to a “top school” (unscientifically defined in our study as one of the Ivies plus Stanford, MIT and Caltech) tend to perform the best. Looking at our community, 38% of the companies we’ve invested in had one founder that went to one of those schools. And, generally speaking, those companies performed about 220% better than other teams!



– Four –


The Halo Effect of Former Employers is Real


Teams with at least one founder coming out of Amazon, Apple, Facebook, Google, Microsoft or Twitter, performed 160% better than other companies. And while school didn’t have any real impact on pre-money valuations, company alma maters did. Founding teams with experience at any of those marquee companies landed pre-money valuations nearly 50% larger than their peers. We have some theories about causation here: the impact of embedded networks, foundational skills these types of jobs provide. These factors clearly make a difference.



– Five –


Investors Pay More for Repeat Founders


While entrepreneurial experience is obviously valuable at the seed stage, we were surprised to see that our investments in repeat founders didn’t perform significantly better than our investments in first-timers — mainly because successful repeat founders’ initial valuations tended to be over 50% higher. It’s interesting to see how the market effectively prices repeat founders higher because they are known quantities.



– Six –


Solo Founders do Much Worse Than Teams


Taking a closer look at these founding teams, we wanted to know what size and shape did to performance. The results were stark: Teams with more than one founder outperformed solo founders by a whopping 163% and solo founders’ seed valuations were 25% less than teams with more than one founder. No wonder the average size of founding teams across the FRC community is two, which also happens to be the optimal number according to our data.



– Seven –


Technical Co-Founders are Critical to Enterprise, not so Much for Consumer


With all the industry chatter about the importance of technical co-founders, we wondered just how critical they are to success. It turns out, pretty critical — for enterprise companies. In fact, they’re doing so well in enterprise — performing a full 230% better than their non-technical colleagues — that they skew the data set to make it look like teams with a technical co-founder perform 23% better overall. But this isn’t the whole story. In fact, consumer companies with at least one technical co-founder underperform completely non-technical teams by 31%.



– Eight –


You Can Win Outside the Big Tech Hubs


We thought location might make an equally dramatic difference, but we were wrong. First Round companies founded outside New York and the Bay Area are performing just as well as their peers based in those epicenters. Of the 200 companies we looked at for this, 25% landed outside these cities and, on average, have performed a slim 1.3% better than companies in the Bay and NYC. Again, this could be because investors price companies in NY and SF meaningfully higher to start with — but it’s heartening nonetheless.



– Nine –


The Next Big Thing Can Come from Anywhere


Finally, and perhaps most importantly since it informs where we go looking for deals in the first place, we considered the source of our hundreds of investments over the last decade. We were fascinated to find that incredible investments can literally come from everywhere. For a long time, VC has been predicated on this idea that the best opportunities come through referrals, yet companies that we discovered through other channels — Twitter, Demo Day, etc. — outperformed referred companies by 58.4%. And founders that came directly to us with their ideas did about 23% better.



– Ten –


The Action is Moving from Sand Hill to San Francisco


As the Bay Area’s startup center of gravity shifts from the South Bay to San Francisco, VCs are moving in droves to the South of Market neighborhood. While we invest across the country, nearly half of founding teams started their companies in the Bay Area. For the first five years of First Round, 2005 to 2009, we invested nearly equally between San Francisco and the rest of the Bay Area. During the last five, the pendulum has swung decisively toward San Francisco with 75% of our Bay Area investees starting their companies in the city over that period.

Create a Conversation, Not a Presentation

Create a Conversation, Not a Presentation

When we created a perfect solution in isolation and made it “ours” to present, we ignored the fact that each individual needed to arrive at the conclusions independently to really understand it, to believe in it, and to be willing to work hard to execute it.
And frankly, relying entirely on the presentation made for boring meetings. No one wants to sit and listen to another person present for hours on end. People want to ask questions and to provide their own insights. They want to problem-solve and debate.