Haw Par, UOB
Bank results down 4%, CEO’s salary down 18%.
Own shares in Haw Par which has stake in UOB.
Your figures are wrong. UOB EPS went from $1.70 in 2010 to $1.43 in 2011, that is a 15.9% fall annually. Not as good as you think. Check you factsheet in the link below.
Ultimately, I would rather own a bank that increased net profit and pay the CEO more than a bank that that has shrinking profits and is trading at 13x P/E
Read what I said. I never said EPS. I said RESULTS!.
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