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CEOs of Singapore banks are paid lower than their counterparts. Why then PAP ministers want to be paid the highest in the world.

To minimise dissent. If not paid enough, politicians will plan and plot to be leader. Meritocracy mah! By giving high pay, party bribe politicians to stay in line or lose financially.
 
Because they will say managing a big bank is lots easier than running a small country of 4.5m citizens who are stupid, daft and fucked up
 
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