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Temasek's portfolio value hits a record $198 billion, screamed the headlines, while smaller fonts disclosed that the rate of return on shareholder funds was a miserable 1.5 percent. Hey, anybody can be a big spender, it's what you get in return that matters - and justify a high paying job. And 1.5 percent is easily attainable at most banks for long term fixed deposits in the right currency mix.
Apparently Temasek has an internal benchmark of 8 percent rate of return, and Wealth Added bonuses are distributed to its staff when this is exceeded - GDP bonuses, national bonuses, wealth added bonuses, the powers that be can be real creative when it comes to rewarding themselves. Meanwhile, the citizens who contribute to the source of funds for their monopoly games are limited at 2.5 percent return. The previous year's report card was 4.6 percent, which makes the number for fiscal year ending March 31 look real bad. The return over 38 years since its inception in 1974 has always been showed off as an annualised 17 percent.
- http://singaporedesk.blogspot.sg/2012/07/temasek-in-rough.html
Apparently Temasek has an internal benchmark of 8 percent rate of return, and Wealth Added bonuses are distributed to its staff when this is exceeded - GDP bonuses, national bonuses, wealth added bonuses, the powers that be can be real creative when it comes to rewarding themselves. Meanwhile, the citizens who contribute to the source of funds for their monopoly games are limited at 2.5 percent return. The previous year's report card was 4.6 percent, which makes the number for fiscal year ending March 31 look real bad. The return over 38 years since its inception in 1974 has always been showed off as an annualised 17 percent.
- http://singaporedesk.blogspot.sg/2012/07/temasek-in-rough.html