<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - SMRT Saw bitch salary inc 11% !!!</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead vAlign=top><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">kojakbt_89_ <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Jun-16 8:04 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 21) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>52819.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt id=msgtxt_1>While quality of ridership, service, security and accountability are far from satisfactory, and with a drop of 1.1% in profit, SMRT CEO Saw Phaik Hwa received a 11% increase in annual salary to a cool $1.85 million last year. Someone is surely laughing her way to the bank!
--------------------------------------------------------------------------------------
Jun 17, 2011
SMRT chief executive earned $1.85m last year
Fellow public transport giant ComfortDelGro paid its chief between $1.75m and $2m
By Jonathan Kwok
SMRT Corp president and chief executive Saw Phaik Hwa's earnings for the year ended March 31 were up about 11 per cent on the previous year. -- ST FILE PHOTO
SMRT Corp president and chief executive Saw Phaik Hwa was paid $1.85 million in cash and shares for the year ended March 31, up about 11 per cent on the previous year.
Deputy president and chief operating officer Yeo Meng Hin earned $1.04 million, an increase of about 7 per cent.
This made Mr Yeo, who left SMRT on April 20 'to pursue personal interests', the second-highest paid executive in the company.
His responsibilities included taking care of safety, emergency planning and security at the public transport operator.
The pair's compensation packages comprised basic salary, benefits, bonuses and shares.
SMRT's annual report, which disclosed the remuneration details, showed that the company spent a total of $313.6 million on staff costs.
This was up from $294.8 million the previous year, and included benefits and the effect of job credits granted by the Government.
SMRT's net profit dropped 1.1 per cent to $161.1 million for the year to March 31 as staff, energy and operating costs rose.
Earnings in the first and second quarters fell but rose in subsequent quarters as train and bus ridership improved. In particular, ridership strengthened on the loss-making Circle Line, with the red ink less than in previous quarters.
SMRT was heavily criticised by the public for security failings when one of its trains was vandalised at the Changi depot about a year ago.
A Swiss national was given jail time and caning for the offence. His alleged accomplice remains on the run.
Fellow public transport giant ComfortDelGro Corp paid its top man, Mr Kua Hong Pak, between $1.75 million and $2 million last year, it disclosed earlier in its annual report. In 2009, Mr Kua was in the same remuneration band.
ComfortDelGro recorded a net profit rise of 4.1 per cent to $228.5 million in the 12 months to Dec 31 thanks to broad-based growth.
The company suffered from higher energy, materials and consumables costs as net profit dipped 7.7 per cent to $50.1 million for the first quarter this year.
Yesterday, ComfortDelGro's shares dropped one cent to $1.39. At this price, it has a market capitalisation of $2.91 billion.
SMRT shares ended flat at $1.89 yesterday, giving it a market value of $2.87 billion.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
--------------------------------------------------------------------------------------
Jun 17, 2011
SMRT chief executive earned $1.85m last year
Fellow public transport giant ComfortDelGro paid its chief between $1.75m and $2m
By Jonathan Kwok
SMRT Corp president and chief executive Saw Phaik Hwa was paid $1.85 million in cash and shares for the year ended March 31, up about 11 per cent on the previous year.
Deputy president and chief operating officer Yeo Meng Hin earned $1.04 million, an increase of about 7 per cent.
This made Mr Yeo, who left SMRT on April 20 'to pursue personal interests', the second-highest paid executive in the company.
His responsibilities included taking care of safety, emergency planning and security at the public transport operator.
The pair's compensation packages comprised basic salary, benefits, bonuses and shares.
SMRT's annual report, which disclosed the remuneration details, showed that the company spent a total of $313.6 million on staff costs.
This was up from $294.8 million the previous year, and included benefits and the effect of job credits granted by the Government.
SMRT's net profit dropped 1.1 per cent to $161.1 million for the year to March 31 as staff, energy and operating costs rose.
Earnings in the first and second quarters fell but rose in subsequent quarters as train and bus ridership improved. In particular, ridership strengthened on the loss-making Circle Line, with the red ink less than in previous quarters.
SMRT was heavily criticised by the public for security failings when one of its trains was vandalised at the Changi depot about a year ago.
A Swiss national was given jail time and caning for the offence. His alleged accomplice remains on the run.
Fellow public transport giant ComfortDelGro Corp paid its top man, Mr Kua Hong Pak, between $1.75 million and $2 million last year, it disclosed earlier in its annual report. In 2009, Mr Kua was in the same remuneration band.
ComfortDelGro recorded a net profit rise of 4.1 per cent to $228.5 million in the 12 months to Dec 31 thanks to broad-based growth.
The company suffered from higher energy, materials and consumables costs as net profit dipped 7.7 per cent to $50.1 million for the first quarter this year.
Yesterday, ComfortDelGro's shares dropped one cent to $1.39. At this price, it has a market capitalisation of $2.91 billion.
SMRT shares ended flat at $1.89 yesterday, giving it a market value of $2.87 billion.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
