Next time Grace Fu or other PAP ministers bitch about pay praising themselves for the good work they do at below median salaeies, send this graphic from the PAP’s bible, the Economist
The chart shows that CEOs who are paid above median, do worse for shareholders than those below median.
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It’s all about the culture, mindset & attitude that a company wants to instill. Below median pay (but still in the millions) indicate a “honest day’s pay for an honest day’s work” attitude. Versus how to screw & score big by any means necessary.
It’s like the difference between wooing the girl of your dreams in forming a lasting healthy relationship versus looking to screw the next chick in the nightclub.