atans1

SMRT: 75% pay cut more appropriate?

In Corporate governance on 10/06/2016 at 10:44 am

Christopher Bailey, the CEO of Burberry, the fashion house listed in London, has received a 75% pay cut after failing to meet the company’s profit target last year.

Desmond Kuek’s decrease of 23% from the previous financial year of $2.31m is “peanuts” given the problems (ither than profit) that SMRT is facing.

And the newish CEO of Credit Suisse has asked his board for a 40% cut in his bonus, taking in US$4.5 million for the six months he worked last year.

 

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  1. If you don’t pay these talented ex-scholars, they can up and go join Lehman Brothers etc and then all our women will end up as maids abroad. Remember?

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