Serious How can SMRT Desmond Quack receive over $1 million in performance bonuses? WTF?

[Papsmearer]

In the US, such generous compensation for this sort of incompetence would have been rewarded with a job termination.

I have been going through the books of SMRT. It appears that SMRT's gross profit before taxes increased $110.86 million in 2015 to $129.33 million in 2016. SO, I guess based on this increase of $19 million in pretax profit, they gave Dessie Quack that performance bonus. However, when I looked at that, a lot of the increase was not due to the skill of Quack as a CEO. Rather, Fuel and electricity expenses when from $150 million in 2015 to $132 million due to the global slump in fuel prices. This savings alone in fuel and electricity costs results in an $18 million contribution to the bottom line. Almost making up the increase in profits of $19 million. In other words, almost the sole reason for the increase in gross profit is accounted for by the lower global fuel costs and not by Quack's ability. And for this lucky coincidence, the fucker got rewarded handsomely? This is talent?

 

[Papsmearer]

Remember this joker when he joined refused to cancel his vacation to US when the nation subways broke down!

His wife donch let him mah.

 

[Papsmearer]

If clawbacks were done on the ivory tower for all the failures, we could be looking at 100 billion USD.

By the way, the real kicker is the 260,000 shares he got for this year and last year. So, that's 520,000 shares he owns. In 2014, SMRT dividend was $1.20 per share and then when to $1.50 in 2015. So assume that it is flat at $1.50 this year, his 520,000 shares will bring him another $780,000 in dividend income. And looks like this 260,000 shares are written into his employment contract. SO every year he will get 260,000. Song boh?

 

[Debonerman]

In the US, such generous compensation for this sort of incompetence would have been rewarded with a job termination.

I have been going through the books of SMRT. It appears that SMRT's gross profit before taxes increased $110.86 million in 2015 to $129.33 million in 2016. SO, I guess based on this increase of $19 million in pretax profit, they gave Dessie Quack that performance bonus. However, when I looked at that, a lot of the increase was not due to the skill of Quack as a CEO. Rather, Fuel and electricity expenses when from $150 million in 2015 to $132 million due to the global slump in fuel prices. This savings alone in fuel and electricity costs results in an $18 million contribution to the bottom line. Almost making up the increase in profits of $19 million. In other words, almost the sole reason for the increase in gross profit is accounted for by the lower global fuel costs and not by Quack's ability. And for this lucky coincidence, the fucker got rewarded handsomely? This is talent?

Desmond Quek Phaik Hwa is now concentrating on retail if you are blind to the truth.

 

[steffychun]

and does he still get his pension from the SAF?

 

[Hans168]

and does he still get his pension from the SAF?

why not when LKY got his after stepping down as MM

 

[Papsmearer]

Desmond Quek Phaik Hwa is now concentrating on retail if you are blind to the truth.

And he knows as much about retail as he knows about trains, if you are blind to the truth.

 

[Papsmearer]

and does he still get his pension from the SAF?

Yes, full pension.

 

[Hans168]

izzit possible that his trains did not performed but he did.... personally or knew someone very powerful like a BG who is junior in rank to him???

 

[frenchbriefs]

By the way, the real kicker is the 260,000 shares he got for this year and last year. So, that's 520,000 shares he owns. In 2014, SMRT dividend was $1.20 per share and then when to $1.50 in 2015. So assume that it is flat at $1.50 this year, his 520,000 shares will bring him another $780,000 in dividend income. And looks like this 260,000 shares are written into his employment contract. SO every year he will get 260,000. Song boh?

how can smrt dividend be $1.20.thats nearly 100 percent dividiend per share yield.....most sg stocks are like penny junk stocks or worth a few dollars.....if can get 10 cent dividend is can hum chio already.

 

[ahmad]

Pay so good but train break down?