The economic boom is over. With economies of Singapore and many other
countries now battered by recession, top executives of Singapore's big
companies must bite the bullet by taking pay cuts.
Buckling under the blows of the economic downturn, many Singapore companies have reported falling profits and even losses.
Last year, chief executives of Singapore's 30 listed companies making up the Straits Times index enjoyed pay hikes ranging from 20 per cent to 150 per cent, as revealed in the companies' annual reports.
Read more at: http://www.stratagemconsultants.com/index.php/en/mr-soh-tiang-keng/23-mr-soh-tiang-keng/60-boom-over-no-more-fat-pay-for-singapore-ceos
no fat still got lean meat mah. Why go worry and care about CEO or Minister pay cut or not, to them abit of cut is nothing, still can enjoy life, , u should concentrate on the lower income people...or jobless ones
CEO pay is decided by board of directors and shareholders.
is shareholders is happy, go ahead lor. especially if they are listed company.