$185 BILLION to $127 Billion. Power!

[makapaaa]

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Temasek's confusing Negative Bonus explained.
<HR style="BACKGROUND-COLOR: #989898; COLOR: #989898" SIZE=1><!-- / icon and title --><!-- message -->[URL="http://www.straitstimes.com/Breaking...ry_410035.html"]http://www.straitstimes.com/Breaking...ry_410035.html[/URL]

Quote:
<TABLE border=0 cellSpacing=0 cellPadding=6 width="100%"><TBODY><TR><TD style="BORDER-BOTTOM: 1px inset; BORDER-LEFT: 1px inset; BORDER-TOP: 1px inset; BORDER-RIGHT: 1px inset" class=alt2>THE entire staff of Temasek Holdings are taking personal financial hits, with annual bonuses likely to be slashed in the wake of the investment firm's losses over the past year.

Part of every Temasek employee's bonus goes into a pool that is paid out over a number of years rather than at the end of each year.

When Temasek meets its internal performance benchmarks with higher-than-targeted returns, the pool of bonuses to be distributed grows and each employee gets a bigger slice.

But when it fails to do so, employees get 'negative bonuses': They get no money from the pool, or the value of the overall pool shrinks.

This compensation structure is based on a key principle of having staff 'share in the institution's performance, both for positive and negative results', said chief executive Ho Ching yesterday.

In her speech at the IPS Corporate Associates Lunch, she said: 'We share gains and pains alongside our shareholder. This is in essence having an owner's approach to our business and operations.'

Temasek came in below its targets last year as well as this year, which means staff get 'negative bonuses'.

'From CEO to office attendants, all our staff were allocated negative bonuses last year, and will be allocated more negative bonuses this year,' said Ms Ho.

If Temasek achieves above-target returns, known as Wealth Added and reported in the annual Temasek Review, it will have gains to share with its staff.

'It is a tough challenge to share negative bonuses...it is even tougher to deliver a positive Wealth Added every year,' she said. </TD></TR></TBODY></TABLE>
poor office attendants, dont think they are responsible for any of the losses...
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=> STILL GOT BONUS RIGHT?

 

[halsey02]

The Lee Family got the best of the deal. That's managing the wealth with nothing to lose on their part. Got profit, they got their share of it. Imagine if the CEO get 1% of the profit in normal times say $5b, it will be $50 mil! CapitalLand CEO get $20mil in 2008.

But when lost was as huge as $40b, they got nothing to lose. I also want to be in this job. Uniquely Singapore!

Are you a MEMBER?....the check out lady often ask you the universe question, " MEMBER"?...member has its privileges, by affliations, by relations, by succession..

ARE YOU A MEMBER?:o

 

[Watchman]

No wonder FTs are leaving Temasek !

 

[Watchman]

1% of 200 billion ?

 

[soIsee]

I don't know for Temasek. But long long long ago, I read the newspaper I think is say the GIC give 1% to Chairman (LKY) and 1% to vice Chairman (last time is LHL, now don't know).

Can check I right or wrong?

1% to Old fart and 1% to Ass Loong out of billions?

My calculator has run out of digits to hold the ZEROS!

 

[jim007jimmyboy]

My luck is changing, one more try I'll win it all back!

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[mscitw]

This is the main reason why the regime quietly passed a law not to guarantee Life Annunity payouts in the future.

 

[makapaaa]

Correct me if I'm wrong.. this is portfolio assets. That means if they could have injected more funds in, and still report a reduction in portfolio. That would mean loss of not $58b but more. Do we know the figures?

Ang Mohs estimated the loss to be $270B.

 

[annexa]

Ang Mohs estimated the loss to be $270B.

We only have 100+ billion. Are you trying to tell me that we are bankrupt?

 

[funglung]

Ang Mohs estimated the loss to be $270B.

HOI

HOW ELSE DID BASTARD LEE KUAN YEW GOT FROM YOU ALL THAT 400-500++ BILLIONS INTO HIS TEMASICK AND GIC?

EVEN MORE HUNDREDS OF BILLIONS INTO HIS RESERVES




Sinkies got no balls
You all dare not stand with those that tried to speak for you.
SO HOW MANY TRIED TO SPEAK FOR YOU NOW?

You all dare not give money to them so that they can work for you.
SO HOW MANY CAN WORK FOR YOU NOW?

You all dare not support them publicly so that they can speak for you.
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?

You all turn your backs on those that spoke out bravely against LKY
LKY hit out at those who tried to speak for you with his kangaroo courts
You turn your backs and not support them with money and courage.


SO HOW MANY TRIED TO SPEAK FOR YOU NOW?
SO HOW MANY CAN WORK FOR YOU NOW?
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?


You let them be beaten and bankrupted because you all have no balls
NOW YOU GETTING YOUR BALLS CUT OFF FROM YOU AND YOU AND YOUR FAMILY RAPED AND FUCKED BY LEE KUAN YEW AND HIS COCKROACHES IN WHITE


Why complain now?

Your 400-500++ billions sucked and bled into LKY Temasick and GIC

And even more billions are currently sucked and bled so that LKY can use those money to bastardised and pay his kangaroo courts and running dogs to bleed even more billions from you in future

You got what you all deserved
for your lack of balls


FIND YOUR BALLS TO PUT AN END TO LKY
SUPPORT ALL WHO SPEAK AND ACT AGAINST THOSE PAPAYA BLOODSUCKER COCKROACHES
SUPPORT OPPOSITION WITH YOUR $$$ AND TIME
STAND UP TOGETHER WITH THEM

or open your legs to be further screwed by him

 

[Watchman]

How in the World Professional Investors loose S$ 58 Billion?

Must be a bunch of Idiots sitting there doing nothing...

How they lose? Temasek collaborating with USA and agreed to buy up their debts in bonds and stocks ! At the expense of Singaporeans .

 

[Cestbon]

Never trust the news. Must have lost more than $80billion and now have less than $100B in value. Temasick never provide clear black and white report to public.

 

[borom]

The news of Toyota pulling out of FI (after Honda, BMW and to be followed by Renault) again serves to remind us of the poor decision making process of the highest paid in the world. Just before the big names pull out, who chose to go into it in a big way-the highest paid ministers in the world. They were ironically rewarded with Renault fixing the race and tainting the S_ _ _ _ _ _ _ _ GP name forever.

Just before the financial crisis, which sovereign fund invested billions into failed financial institutions. Which group of people invested and lost billions into a Thai Telecommunication company, an Australian kindergarten and many failed ventures shortly before it collapsed?

Where is the accountability?
The thread and others like it must be kept alive so that we will remember and do the right thing in the next elections.