Re: Maybe Wong Kan Seng is giving sgian some signals that his salary must be double for a 100% security for all sgian

Some CEOs paid well, even as firms bleed heavily.
By Lee Su Shyan and Azhar Khalid.
21 October 2002
Straits Times, English
(c) 2002 Singapore Press Holdings Limited

Study of the top five profit-makers and money-losers shows no clear
correlation between performance and remuneration
IT PAYS to be a chief executive (CEO), even when your company is
millions of dollars in the red, because in many cases you will still
be paid handsomely regardless.
This emerged from a look at Singapore's top five listed companies last
year in terms of net losses and the top five in terms of profits - and
comparing the results with their directors' remuneration.
And no two companies proved the above principle better than ST
Assembly Test Services (Stats) and Chartered Semiconductor
Manufacturing, which were both among the biggest corporate
money-losers last year.
Stats' then-CEO Tan Bock Seng was still paid US$738,000 (S$1.32
million) while Chartered's then-CEO, Mr Barry Waite, was paid much
more - US$4 million.
The situation was not much different in the boardrooms either. Stats
and Chartered directors continued to earn fees in the face of losses,
albeit lower than what they got the previous year.
But at money-losing CapitaLand and Keppel Land, directors'
remuneration actually rose as performance remained grim.
With leaders such as venture capital firm k1 Venture's CEO, Mr Steven
Green, saying that he would not draw any salary while his firm was
losing money, can this be the right thing to do?
Well, the figures are all right if one follows the principle that the
fixed component of pay should not change, only the variable bonus -
which 'should reflect how the business is doing in that year'.
That is a generally accepted practice, said Mr Ian Speirs, director of
rewards consulting at human resource consultancy Watson Wyatt.
This was the case with CapitaLand, for example. As the company
narrowed its losses from $286.9 million to $275 million, CEO Liew Mun
Leong's bonus rose from $559,000 to $746,000.
Turning to the profit-making companies, the correlation between
profits and what the directors are paid blurs even more.
For example, Singapore Airlines, which clocked a $1.55 billion profit
last year, paid its 14 directors only $2.2 million with only one
director - likely to be deputy chairman and chief executive Cheong
Choong Kong - paid more than $500,000.
But DBS Group Holdings, with profits just under $1 billion last year,
looks to have paid its three executive directors - Jackson Tai, and
former chief executives John Olds and Philippe Paillart - a whopping
$16.8 million.
While its remuneration was the highest among the three local banks, it
also included a special bonus to Mr Olds when he left.
Commenting on this, Mr Speirs explained that it was not easy to
compare pay even among companies in the same industry as their
operations differed.


"yansimon52" <yansimon52@xxxxxxxxxxx> wrote in message
news:9a9cbdba-6cc7-4575-b9a4-6d3881fb11ab@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Yah lor.........I think sgian must consider this by increasing his 1
million $ plus salary to 3 million for a 100% security lor......

I hope some MPs should put up a proposal in Parliament that his
salary
to be increased.

Like that hor, then we all sgian are able to sleep in
peace...............LOL............LOL......


.

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