SINGAPORE Telecommunications's (SingTel) group chief executive Chua Sock Koong's $2.7 million cash bonus last year boosted her net pay by 23 per cent to $4.15 million.
SingTel revealed this in its annual report for its financial year 2010 ended March 31, released on Tuesday morning.
This is the 52-year-old CEO's biggest paycheck since her appointment to the position in 2007. That year, she was paid $3.57 million. This fell to $3.38 million last year, because of a significantly lower bonus.
Other senior executives also got generous increments.
SingTel's Australian unit Optus chief executive Paul O'Sullivan, 49, saw his pay rise a whopping 42 per cent to $3.48 million, largely because of a more generous bonus of $1.8 million, compared to $941,000 last year.
Mr Allen Lew, SingTel's chief executive for Singapore, was paid $2.88 million, 17 per cent more than a year ago. In 2008, Mr Lew, 54, was SingTel's highest paid executive, with a then-paycheck of $3.9 million.
Outgoing chief executive for international Lim Chuan Poh, 55, who will retire at the end of the year, earned $2.25 million - up 23 per cent from $1.83 million last year
Separately, SingTel also announced that three directors, Mr Heng Swee Keat, Mr John Powell Morschel, and Mr Deepak S Parekh, will retire from the board at the coming AGM on July 30.
Mr Heng, 49, managing director of the Monetary Authority of Singapore, is an independent director and sits on its corporate governance and nominations, as well as compensation committees. He joined SingTel's board in 2003.
Non-executive chairman of Australia and New Zealand Banking Group Mr Morschel, 67, joined SingTel's board in 2001 and is also an independent director who sits on its compensation committee. He is also the chair of SingTel's Australian unit Optus' advisory committee.
Mr Parekh, 65, is an independent director who was appointed in 2004 and sits on its compensation committee. He is the chairman of India's Housing Development Finance Corporation.
SingTel declined to say who would replace them, but said the nominees will be at its July 30 AGM.
-- ST
this woman related to the Lee Family ???
what's the big deal about making money with Singtel when it's a virtual monopoly !!!!
even Ah Meng can do the job !
was this where the world cup subscriptions went to?
hah, you never know !
the real reason why those GOVT-linked companies give big bucks to their CEOs is to BULLSHIT to S'poreans that those ministers CAN indeed make more money in the ''private'' sector so they are justified to be paid multi-million dollar salaries !
those PAP ministers are so useless i wouldn't trust them with a can-opener much less a company !
let them run a Mama-shop also they cannot lah !
D I S G U S T I N G
Originally posted by Asromanista2001:hah, you never know !
the real reason why those GOVT-linked companies give big bucks to their CEOs is to BULLSHIT to S'poreans that those ministers CAN indeed make more money in the ''private'' sector so they are justified to be paid multi-million dollar salaries !
those PAP ministers are so useless i wouldn't trust them with a can-opener much less a company !
let them run a Mama-shop also they cannot lah !
then leong chin how, CEO of Temasek lol? for losing billions, they should have fired her long ago, but yet they are stuck with her until a CEO is found.