Tag Archives: GLCs

SHAMELESS S’PORE GOVERNMENT-LINKED CO. LOSES MILLIONS, BUT CEO EARNS MILLIONS

Singapore Government linked official can get away with losing hundreds of millions dollars in a GLC but continues to be awarded million dollar renumeration! It was reported in ST recently ("Bonuses of SembMarine execs hit by downturn") that SembMarine CEO Wong Weng Sun can still earn a renumeration of almost $2 million (salary of $926,000 with share-based compensation of $863,000) when the GLC he helmed lost $289.7 million!!

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